Introduction of Local Content Obligation for Streaming Services
The Federal Government is introducing legislation that will mandate streaming services with over 1 million Australian subscribers to invest in local content.
The obligation requires streaming services to spend at least 10% of their total Australian expenditure or 7.5% of their revenue on new local drama, children's, documentary, arts, and educational programs.
Arts Minister Tony Burke first outlined a July 1, 2024 deadline for the obligations in the National Cultural Policy.
This move comes after nearly two and a half years of consultations with streamers, free-to-air broadcasters, and guilds.
Author's summary: Australia introduces local content rules for streaming services.
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