EU strikes deal forcing Netflix, Amazon to fund European content

EU lawmakers and member states on Thursday struck a deal that will allow countries to force online streaming services including Netflix and Amazon’s video service to help fund the production of European films and TV shows.

The new rules are part of an overhaul of the European Union’s broadcasting rules and include a quota of 30 percent for European works on video-on-demand platforms, the European Parliament said.

Video-sharing platforms like Google’s YouTube and Facebook will also have to take measures against content “inciting violence, hatred and terrorism.”