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UK Culture Committee Officially Recommends 5% SVoD Levy & Urges Government To Take Legal Steps If Industry Doesn’t Act: “It’s Time For The Streamers To Put Their Money Where Their Mouth Is”
A streamer levy has been recommended by the Culture Committee to the UK government along with a tax credit upgrade and CIISA funding.
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. The Association for Commercial Broadcasters and On-Demand Services, which represents the interests of the big U.S. players in the UK, argued that “ironically, [a levy] could actually damage PSB dramas by reducing co-production budgets at streamers.” The CMSC once again kicked this to the BFI, asking the institute to “urgently conduct analysis on the potential design and return on investment of a targeted uplift” to the tax credit.” If positive, the government should commit to introducing the measure as early as next year, the report said.
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