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U.K. Rejects Streaming Tax to Boost Local Talent

7/4/2025

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Summary

Story summary

The U.K. government has turned down a 5% tax on streaming giants like Netflix and Disney+, advocating for a balanced approach that nurtures local talent while attracting global investment. With production spending soaring to £5.6 billion in 2024, fueled by hits like "Barbie" and "Bridgerton," the focus now shifts to boosting co-productions and the Global Screen Fund.

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Story summary

The U.K. government has turned down a 5% tax on streaming giants like Netflix and Disney+, advocating for a balanced approach that nurtures local talent while attracting global investment. With production spending soaring to £5.6 billion in 2024, fueled by hits like "Barbie" and "Bridgerton," the focus now shifts to boosting co-productions and the Global Screen Fund.