Netflix spending $1bn to meet EU programming quotas
May 8, 2018
By Chris Forrester
Netflix CEO Reed Hastings, speaking at last week’s Series Mania festival and conference in Lille, France, said that he will spend €1 billion this year in boosting European production and to start meeting the planned European 30 per cent quota on local content output. The EU ruling come in three years from now.
Hastings told conference delegates
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