Croatian Producers to Receive Funding Boost From Streamers – C&E Europe News in Brief
variety.comMilena Zajović The Croatian film and TV sector is expected to get a financial boost of more than 5 million HRK ($697,200) from international streaming platforms through the Croatian Electronic Media Act, which came into effect in October 2021, the Croatian Audiovisual Center (HAVC) has told Film New Europe.Netflix is expected to participate with 3 million HRK and other contributors will include HBO Max, Disney+ and Amazon Prime.According to the new law, streamers will have to invest 2% of their revenues generated in Croatia in local production or acquisition.
Network operators will invest 10% of the revenue generated by their own services. Private broadcasters will set aside 5% percent of their annual revenue for independent productions in Croatia. “With our new law, we have introduced a series of interlinked measures to promote independent production in Croatia.
The law is not prescriptive as to how the new funds will be invested. Sure there was resistance as the law was taking shape, but now it seems there is a very positive attitude to make the best of the new environment.
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