Netflix CEO in Israel to oppose production legislation
Netflix CEO Ted Sarandos is in Israel and has met with President Isaac Herzog and Minister of Communications Yoaz Hendel at the president’s home in Jerusalem. Sarandos is attempting to influence Hendel not to shift ahead with laws requiring worldwide streaming products and services like Netflix to generate original substance in Israel.

Sarandos read what Israel is planning on the issue and he defined that legislation could harm Netflix’s plans to increase expense in Israel. Netflix is involved about the precedent and Sarandos sought to explain how the corporation is now cooperating with regional field in buying written content and why laws could final result in reduced expenditure.




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The planned laws follows the conclusions of the Folkman Committee that it results in unfair opposition for Israeli Television corporations that are required to invest in first productions, while the worldwide streaming giants are not. Hendel told Sarandos that the legislation was developed to make an equivalent enjoying subject for Israeli and intercontinental firms.

Sarandos’ stop by was planned just before it was recognised that the existing Knesset was becoming dissolved. The Ministry of Communications had hoped that the new laws would be element of the Financial Preparations Bill that accompanies the 2023 price range but it is now unclear whether the legislation can be enacted this calendar year.

Published by Globes, Israel business enterprise information – en.globes.co.il – on June 21, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.