The French have words for the entrepreneur--in pre-WWII Britain it was,
Quota Quickies--we can
regulate you into oblivion, if we choose;
Netflix will have to comply with some French and European
regulations. Notably, they will be barred from streaming films under
three years old. From January 2015 onwards, Netflix will also have to
pay a two percent tax if their annual earnings are more than 10 million
euros, following a recent decision by the French Culture Ministry to tax
operators based abroad.
In France many close to the film industry
fear Netflix will drag subscribers away from Canal+, which is currently
the main financier of French-made films.
Bold by HSIB, of course.
"There is a
particularity in France in that television channels finance domestic
productions. Their level of investment is calculated according to the
number of subscribers," Florence Gastaud, head of a union of French
producers and authors, explained. "Therefore if the number of
subscribers goes down (as some move to a Netflix subscription), the
investment in domestic production goes down."
In another possible
hurdle, France's Council of State, a body that advises the government on
legal issues, on Tuesday recommended government oversight over the
algorithm that Netflix uses to present series and movies, to make sure
French and European content is well positioned.
No wonder they built
Liberty Enlightening the World for export only.
Read
more here:
http://www.theolympian.com/2014/09/12/3315844_france-bristles-as-netflix-advances.html?sp=/99/102/&rh=1#storylink=cpy
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