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Swiss Companies Join Forces to Launch Swiss Film Studios AG in Move Prompted by ‘Lex Netflix’
Five Swiss production companies have joined forces to found new Zurich-based outfit Swiss Film Studios AG in a move prompted by the 'Lex Netflix.'
The groundbreaking move was prompted by the so-called “Lex Netflix,” the Swiss law that forces streamers such as Netflix and Amazon Prime Video to re-invest 4% of their local revenues in Swiss film and TV productions. “Now it is time to bring the new opportunities arising from the ‘Lex Netflix’ for Switzerland to life with exciting content,” he added. In the statement, Swiss Studios said it will “offer everything from a single source – development, production, distribution and marketing of media projects – as well as licensing distribution and other services related to handling investment and accounting obligations.” It aims to “become the center for Swiss film and television projects through united efforts and consolidated know-how.”
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