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European Producers Join Italy’s Rallying Cry Against Prospect of Lower Streamer Investment Obligations
European producers are joining Italy's rallying cry against the prospect of lower streamer investment obligations.
Just as the Italian parliament is set to revise the country’s current media legislation, the Paris-based lobbying group, representing 170 prominent European independent film and TV drama producers, has issued an “urgent” call to action clamoring for Italy to “uphold its 20% investment obligation level, establish ambitious quotas for Italian works,and introduce protective measures for assets and IP.” “Italy, once a frontrunner alongside France and Portugal in setting ambitious investment obligations to protect and promote the independent production sector, is now at a crossroads,” reads the EPC statement. “The new law is being discussed in parliament, so it is not yet cast in stone,” Benedetto Habib, who heads the Italian producers’ union, told Variety.
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