Netflix CEO Ted Sarandos is because of to visit Israel in three months to meet with Minister of Communications Yoaz Hendel and President Isaac Herzog. The impending go to is no shock and is owing to worries that Israel will enact legislation requiring global streaming products and services like Netflix to invest in the production of unique written content in Israel.

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These legislation is a severe concern for Netflix and final year senior executives from the company visited Israel to current their circumstance and test6 to persuade the political selection makers that the way to motivate nearby production is not via a necessity to devote.

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Netflix’s position, as beforehand offered in conferences with senior officers at Israel’s Ministry of Communications is that legislation requiring financial commitment would have a counterproductive influence and result in businesses to make investments the minimum necessary, alternatively of investing in accordance to professional things to consider. Netflix claims that given that 2016 it has acquired additional than 100 first productions in Israel.

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The planned legislation follows the conclusions of the Folkman Committee that it produces unfair level of competition for Israeli Television organizations that are demanded to invest in authentic productions while the international streaming giants are not.

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The Ministry of Communications hopes that the new laws will be aspect of the Economic Preparations Invoice that accompanies the 2023 funds. But because of to the precarious condition of the recent coalition govt it is unclear regardless of whether the laws can be enacted.

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Upcoming month Disney In addition will start in Israel and will compete with Netflix and Amazon Prime, which currently function in the state.

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Printed by Globes, Israel organization information – en.globes.co.il – on Could 31, 2022.

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

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