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New EU Rules To Require Netflix To Show 30% European Fare; Big Slaps At Hate Videos, Too

The big news is that EU ministers agree that social media platforms where video forms an “essential” function would have to abide by same "hate" speech rules broadcasters have to live by.  That would force Facebook, Twitter and others to do more to stop hate videos. That gets the big headlines but EU also wants to require Netflix to assure that 30% of its fare be of European origin, and allows nations to levy taxes on Netflix. Both of those cold limit Netflix's worldwide expansion and revenues, or at the very least, make it certain U.S. audiences will see much more foreign fare.

Read the whole story at Financial Times »

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