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UK’s Wildly Popular TV Tax Breaks Could Be Expanded To Encourage Streamers To Invest In Public Service Content
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deadline.com
deadline.comUK media regulator Ofcom has recommended that the country’s wildly popular television tax break system could be expanded to encourage increasingly dominant platforms, such as streaming giant Netflix, to invest in local public service content.Ofcom said the government should consider broadening the high-end TV tax credit, which has incentivized Netflix to spend $1 billion on UK shows like Sex Education, as part of long-awaited reforms to British media regulation.Ofcom made the recommendation as part of its landmark review of public service broadcasting.
It has today published a 70-page document calling for a series of changes to the UK’s 2003 Communications Act in order to protect public service content and its main proponents — the BBC,
Read more on deadline.com
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