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Netflix CEO in Israel to oppose production legislation

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Netflix CEO Ted Sarandos is in Israel and has satisfied with President Isaac Herzog and Minister of Communications Yoaz Hendel at the president’s residence in Jerusalem. Sarandos is striving to encourage Hendel not to go forward with laws requiring worldwide streaming services like Netflix to create unique content in Israel.

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Sarandos heard what Israel is organizing on the problem and he discussed that legislation could damage Netflix’s options to increase investment decision in Israel. Netflix is concerned about the precedent and Sarandos sought to make clear how the company is already cooperating with nearby field in obtaining written content and why laws could result in lessened financial commitment.

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The planned legislation follows the conclusions of the Folkman Committee that it produces unfair competitiveness for Israeli Television set organizations that are required to commit in unique productions, though the global streaming giants are not. Hendel told Sarandos that the legislation was made to make an equivalent enjoying discipline for Israeli and global companies.

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Sarandos’ stop by was planned before it was recognised that the present Knesset was being dissolved. The Ministry of Communications had hoped that the new laws would be portion of the Financial Arrangements Bill that accompanies the 2023 price range but it is now unclear regardless of whether the laws can be enacted this calendar year.

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Revealed by Globes, Israel company news – en.globes.co.il – on June 21, 2022.

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

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