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Netflix Will Hike Prices If UK Introduces Streamer Levy
Netflix has responded to the streamer levy plans from the UK Culture Committee and said "audiences could bear the costs."
The influential Culture, Media & Sport Committee (CMSC) has recommended the imposition of a 5% levy on streamers’ UK subscriber revenue, and urged the government to step in and make this statutory if the industry doesn’t act within a year. “But in an increasingly competitive global market, it’s key to create a business environment that incentivises rather than penalises investment, risk taking and success,” added a spokeswoman. Chris Bryant, the creative industries minister, told lawmakers in January “we haven’t got any plans” to introduce the levy, while enforcing an additional cost burden on American firms in the wake of Donald Trump’s tariffs may be seen as a big ask as the UK government seeks to keep relations with the U.S. on a positive footing.
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