Netflix EMEA Chief Warns European Rights Retention Rules Risk Benefiting Private Equity-Backed Indies
By
Max Goldbart
Crisped on the outside, thoughtful enough on the inside.
Summary
Netflix EMEA chief Larry Tanz warned against a "one size fits all" regulatory approach to rights retention in Europe, arguing it could disproportionately benefit large independent producers backed by private equity or sovereign wealth funds. Speaking at the Enders TMT Leaders Conference, Tanz committed to breaking Netflix's European spending record in the coming years but cautioned about "underlying problems" with regulation, specifically referencing new German rules requiring global streamers to invest 8-12% of their German revenue into local content.
Key quotes
· 2 pulledNetflix EMEA chief Larry Tanz has warned against a 'one size fits all approach' to rights retention around Europe that risks benefitting huge indies backed by 'private equity or sovereign wealth.'
Tanz committed to breaking Netflix's European spend record 'next year and the year after that,' but warned against 'underlying problems' with regulation that will worsen things.
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