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Swiss voters look set to approve 'Lex Netflix' TV streaming funding law

By John Revill ZURICH (Reuters) -Swiss voters on Sunday looked set to back proposals to make global TV streaming services such as Netflix Inc (NASDAQ:NFLX) Amazon (NASDAQ:AMZN)...
Swiss voters look set to approve 'Lex Netflix' TV streaming funding law © Reuters. FILE PHOTO: A poster reading: "No to the film law - anti-consumer, unfair, patronising" is seen on a field, before the Swiss electorate votes on several issues in a referendum next weekend, near Birmensdorf, Switzerland May 9, 2022. Picture taken May 9, 2

By John Revill

ZURICH (Reuters) -Swiss voters on Sunday looked set to back proposals to make global TV streaming services such as Netflix Inc (NASDAQ:NFLX) Amazon (NASDAQ:AMZN) and Disney invest some of their revenues generated in Switzerland into domestic film-making.

Some 58% of voters backed the proposal, according to early projections by broadcaster SRF, in one of three national votes held over the weekend under the Swiss system of direct democracy.

The vote is the latest introduced in European countries to support local TV and film production and boost locally-produced content.

In the binding referendum on what is being called "Lex Netflix", Swiss voters decided whether international streaming services must invest 4% of the revenue they make in Switzerland in local film production, as domestic broadcasters now do.

The investments can take the form of buying locally-made shows, making programmes themselves or go into an investment fund.

A similar law has been passed in Portugal where streaming service providers have to pay 1% on their income to the Institute of Cinema and Audiovisuals (ICA).

Denmark is considering a 5% tax to support domestic TV production, while Spain also plans to introduce a levy.

France and Italy both have investment obligations where streaming services have to invest a proportion of their revenues - up to around 20% - in European content in local languages.

In a separate referendum, Swiss voters also looked set to approve spending more money on Europe's Frontex border security agency.

SRF projections showed 72% supporting the increase to 61 million Swiss francs a year by 2027, up from 24 million francs in 2021.

A rejection could also have forced Switzerland out of the 26-member Schengen passport-free travel zone and the Dublin system of coordinating asylum applications.

In the third vote, voters also supported a plan to make it easier to harvest human organs for transplants with 59% in favour, according to projections.

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21-05-2022 03:13:17 (UTC+7)

EUR/USD

1.0555

-0.0031 (-0.29%)

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EUR/USD

1.0555

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GBP/USD

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USD/JPY

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Adidas AG

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    EUR/USD 1.0555 ↑ Buy  
    GBP/USD 1.2486 Buy  
    USD/JPY 127.89 ↑ Buy  
    AUD/USD 0.7037 ↑ Sell  
    USD/CAD 1.2837 ↑ Buy  
    EUR/JPY 134.98 ↑ Buy  
    EUR/CHF 1.0292 ↑ Buy  
    Gold 1,843.92 ↑ Buy  
    Silver 21.750 Neutral  
    Copper 4.3030 Sell  
    Crude Oil WTI 110.72 Buy  
    Brent Oil 113.04 Sell  
    Natural Gas 8.082 ↑ Sell  
    US Coffee C 216.48 ↑ Buy  
    Euro Stoxx 50 3,657.03 ↑ Buy  
    S&P 500 3,902.50 ↑ Buy  
    DAX 13,981.91 Buy  
    FTSE 100 7,389.98 Neutral  
    Hang Seng 20,717.24 ↑ Sell  
    Small Cap 2000 1,774.30 ↑ Buy  
    IBEX 35 8,484.50 Neutral  
    BASF 48.850 Buy  
    Bayer 63.74 Buy  
    Allianz 195.58 Buy  
    Adidas 172.80 Buy  
    Lufthansa 6.852 ↑ Sell  
    Siemens AG 115.08 Neutral  
    Deutsche Bank AG 9.362 Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,875/ 6,975
(0/ 0) # 1,795
SJC HCM6,890/ 6,980
(0/ 0) # 1,798
SJC Hanoi6,890/ 6,982
(0/ 0) # 1,800
SJC Danang6,890/ 6,982
(0/ 0) # 1,800
SJC Nhatrang6,890/ 6,982
(0/ 0) # 1,800
SJC Cantho6,890/ 6,982
(0/ 0) # 1,800
Cập nhật 21-05-2022 03:13:20
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ↀ Giá vàng thế giới
$1,845.18 +2.92 0.16%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
WTI $110.37 -1.67 -1.53%
Brent $111.10 -1.32 -1.20%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.000,0023.310,00
EUR23.879,5425.217,23
GBP28.128,1029.328,16
JPY176,49186,84
KRW15,8019,26
Cập nhật lúc 18:52:01 20/05/2022
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