Apple TV+, Netflix, Disney+, more agree to pump $330m into French contentWhat you need to know
US-based streaming services have agreed to invest as much as $330 million in french content.
The announcement comes after months of talk surrounding local requirements.
Netflix will reportedly spend $225 million alone.
Apple TV+, Netflix, Disney Plus, and more streaming companies agree to invest up to $330 million in French content as part of an agreement that has been months in the making. According to reports, Netflix alone will be responsible for up to $225 million.
The move comes after the group signed an agreement with France's broadcasting authorities (CSA) and will see them invest 20% of their annual revenues on French content. According to Variety, the CSA "expects the investment to be between €250 million ($282 million) to €300 million ($330 million) on average per year." What's more, France is likely only the first European country to seek investment.
The pact provides specific guidelines on the new investment obligations that were publis...
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Apple TV+, Netflix, Disney+, more agree to pump $330m into French content
