Netflix will increase its subscription price if the UK streaming levy is given the go-ahead.
The streamer has pulled no punches in its response to lawmakers’ recommendation for a UK streaming levy of 5%.
The influential Culture, Media & Sport Committee (CMSC) has recommended the imposition of a 5% levy on streamers’ UK subscriber revenue, and urged the government to step in and make this statutory if the industry doesn’t act within a year.
Were the levy to be brought in, Deadline understands the extra cost will be passed onto consumers.
Responding to the committee’s inquiry report, Netflix said in a statement that the UK is its “biggest production hub outside of North America – and we want it to stay that way.”
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