UK MPs Propose Streaming Levy, Streaming Companies Push Back
A new report from the UK Parliament's Culture, Media and Sport Committee has called on streaming giants like Netflix, Amazon, Apple TV+, and Disney+ to contribute 5% of their UK subscriber revenue into a fund supporting British-made high-end TV dramas. The committee warned that without intervention, the rise of global streamers could drown out uniquely British stories. They urged the government to step in within a year if streamers don’t create the fund voluntarily, highlighting shows like Adolescence as key to national identity.
However, streaming companies were quick to respond. Netflix called the proposed levy a “double tax,” warning it would lead to higher subscription costs for consumers and harm investment. A spokesperson stressed the UK is Netflix’s biggest production hub outside North America, but cautioned that the levy “diminishes competitiveness and penalises audiences.” Other industry groups like COBA and Banijay UK echoed concerns, saying the move could backfire by reducing the budgets for co-productions that often bring hit British shows to life.
Instead of a levy, streamers and production companies have suggested increasing tax credits as a more effective way to support domestic content. Critics argue that the proposal doesn’t solve the deeper issue of underfunded public broadcasters. While the government hasn't committed to the levy, it acknowledged the industry's struggles and promised to consider further support measures.
