One of the biggest challenges facing independent production around the world is how, coming out of pandemic, streaming finance and state funding can be made to mesh in new regulatory terms.
Nowhere currently is this issue proving more fraught than in Spain, as it attempts to transpose into national law Europe’s celebrated Audiovisual Media Services Directive, which can oblige global streamers to invest in a country’s national production, as has happened in France and will be case in Spain.
Currently, Spain’s draft law requires networks and local and global platforms to plow 5% of annual revenues into European titles, 3.5% off that in works from independent Spanish producers, of which 2% are accounted for by movies and 1.5% by films.
Loud alarm bells rang, however, when its industry bodies discovered a last-minute change to Spain’s draft General Audiovisual…
