Netflix used its third quarter earnings report to criticize the European Union over a new content quota for streaming services.
The EU, writes Netflix CEO Reed Hastings in the report, is “currently rewriting its audio visual rules” that will demand streaming services like Netflix “devote a minimum of 30 percent of their catalog to European works.” Netflix’s report acknowledged that catering to a specific audience encouraged more regional original programming for international audiences, but suggested that enforcing quotas on a streaming service could have unwanted negative effects.
“We’d prefer to focus on making our service great for our members, which would include producing local content, rather than on satisfying quotas, but we...
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