Netflix, streamers, do the government cold on Aussie TV production quotas

Following two investigations into MWM’s Arts funding, Minister Tony Burke immediately announced local content, following two election promises. What is fraud?

This is fraud offer to foreign publishers Delivering “authentic Australian content that matters” is a dream outcome for the broadcast lobby. The new provisions, announced in the heat of Melbourne Cup day after secret briefings to friendly media, give Netflix and its partners the option of raising 7.5% of their revenues or 10% of their expenses for local production (presumably whatever their Australian subsidiaries declare in their financial statements).

“Burke gets the fig leaf he needs. The ferries get what they want,” filmmaker Simon Nasht told MWM. There is no escalator clause. In the beginning, publishers were dealing with the specter of 10% of revenue going to 20% of revenue.

Just like the gaming lobby, the streaming lobby gets the government exactly where it wants.

The future story and draft legislation are also; The devil will definitely be in the details.