Netflix and Amazon Prime Video will be obligated to maintain minimum content quotas of at least 30% from Europe under a proposed new EU law to promote local production and creative economies and level the playing field with broadcast media.
If approved the proposed new laws would encompass all streaming video providers in addition to internet streaming services, which will also be legally required to fund European film and television productions.
Provisions will also be made to ‘protect minors’ from inappropriate content offered by internet video providers and will extend to platforms Facebook and YouTube, beefing up existing rules to block hate speech and terrorism propaganda as well as more ‘transparent’ reporting mechanisms to flag inappropriate content.
Andrus Ansip, the European Commission’s vice president for the digital single market, said: “These new rules reflect digital progress and recognize that people now watch videos in different ways than before. They encourage innovative services and promote European films — but also protect children and tackle hate speech in a better way.”
Tightened rules are expected to be finalised in June whereupon they will be put to a vote by the European parliament and individual member states.
The EC is adopting an increasingly active role in policing social media amidst rising incidences of 'fake news'.