The influential UK Culture, Media & Sport Committee (CMSC) has officially recommended a 5% streamer levy to the government and said this should be enshrined into law if the industry fails to introduce it within a year.
Informally titled the ‘Kosminsky Levy’ after its main backer, Wolf Hall director Peter Kosminsky, the idea gained tonnes of traction during the recent CMSC inquiry into British film and high-end TV (HETV), which has this morning published its long-awaited 126-page tome into the industry’s future. That report claims its recommendations “should help [the industry] ride out future storms” while calling on government and industry “not to become complacent about the UK’s status as the ‘Hollywood of Europe’.”
The most eye-catching of the report’s numerous suggestions is the call for “all subscription video-on-demand [SVoD] platforms that operate in the UK [to] pay a 5% levy on their UK subscriber revenues into a
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