August 12, 2022

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Netflix CEO in Israel to oppose production legislation

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Netflix CEO Ted Sarandos is in Israel and has met with President Isaac Herzog and Minister of Communications Yoaz Hendel at the president’s residence in Jerusalem. Sarandos is striving to encourage Hendel not to go ahead with legislation necessitating global streaming products and services like Netflix to create authentic substance in Israel.

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Sarandos listened to what Israel is organizing on the difficulty and he discussed that laws could damage Netflix’s ideas to develop expense in Israel. Netflix is worried about the precedent and Sarandos sought to clarify how the company is currently cooperating with local market in buying written content and why legislation could end result in reduced investment decision.

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The planned legislation follows the conclusions of the Folkman Committee that it generates unfair levels of competition for Israeli Tv businesses that are essential to commit in first productions, though the international streaming giants are not. Hendel explained to Sarandos that the laws was designed to generate an equivalent playing discipline for Israeli and international firms.

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Sarandos’ pay a visit to was planned before it was recognised that the latest Knesset was currently being dissolved. The Ministry of Communications experienced hoped that the new laws would be element of the Financial Arrangements Invoice that accompanies the 2023 price range but it is now unclear whether or not the legislation can be enacted this yr.

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Revealed by Globes, Israel business news – en.globes.co.il – on June 21, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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