Australia to Set Quota on Local Content Spend for Netflix and Prime

Illustration of video streaming platforms, Paris, April 18, 2024. Prime Video, now, Netflix, Disney, TV+, britbox, Shudder, BBC. Video, movies and films. Riccardo Milani/Hans Lucas/AFP via Getty ImagesAustralia’s biggest streaming platforms, including Netflix and Prime Video, could soon be legally required to spend up to 10 percent of their Australian revenue on locally produced programs under new legislation tabled in Parliament on Nov. 6.The proposed law would apply to any streaming service with more than one million Australian subscribers, requiring platforms to invest at least 10 percent of their local expenditure or 7.5 percent of their revenue in Australian drama, children’s, documentary, arts, or educational programs.