July 3, 2022

Ztrdam

Good Business

Netflix CEO in Israel to oppose production legislation

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Netflix CEO Ted Sarandos is in Israel and has met with President Isaac Herzog and Minister of Communications Yoaz Hendel at the president’s home in Jerusalem. Sarandos is attempting to persuade Hendel not to shift forward with laws necessitating intercontinental streaming expert services like Netflix to produce authentic product in Israel.

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Sarandos heard what Israel is setting up on the situation and he described that legislation could damage Netflix’s programs to broaden investment decision in Israel. Netflix is involved about the precedent and Sarandos sought to reveal how the firm is previously cooperating with community industry in purchasing written content and why laws could result in diminished expense.

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The planned legislation follows the conclusions of the Folkman Committee that it creates unfair opposition for Israeli Tv set providers that are demanded to spend in original productions, when the international streaming giants are not. Hendel advised Sarandos that the laws was made to make an equal playing area for Israeli and intercontinental businesses.

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Sarandos’ stop by was planned ahead of it was recognized that the recent Knesset was staying dissolved. The Ministry of Communications experienced hoped that the new legislation would be component of the Financial Preparations Invoice that accompanies the 2023 funds but it is now unclear no matter whether the legislation can be enacted this year.

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Published by Globes, Israel company information – en.globes.co.il – on June 21, 2022.

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

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