Netflix Australia has announced that they made more than $1 billion in revenue in the last year. Their huge revenue and market dominance demonstrates the need for the implementation of local content quotas.<\/p>\n\n\n\n
Greens Communications spokesperson, Senator Sarah Hanson-Young said:<\/strong><\/p>\n\n\n\n \u201cAnother global tech giant making billions of dollars off the back of Australian households, its time they started giving back – clearly they afford it! Netflix Australia has announced that they made more than $1 billion in revenue in the last year. Their huge revenue and market dominance demonstrates the need for the implementation of local content quotas. Greens Communications spokesperson, Senator Sarah Hanson-Young said: \u201cAnother global tech giant making billions of dollars off the back of Australian households, its … Continue reading “NETFLIX $1 BILLION REVENUE SHOWS THEY CAN AFFORD TO INVEST IN LOCAL CONTENT”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-21328","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=21328"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21328\/revisions"}],"predecessor-version":[{"id":21329,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21328\/revisions\/21329"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=21328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=21328"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=21328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u201cWe need laws fixed so some of the massive profits these tech giants make are invested back into the local industry, supporting local jobs and content.
\u201cToday, Netflix has confirmed what we have long suspected; they are making huge profits off Aussie subscribers, and almost all of the revenue is sent overseas.
\u201cThe money spent by Australian consumers should be invested back into quality Australian content. As more and more of us choose to watch our content online, it is essential that we see our communities, culture and stories reflected back to us.
\u201cWe need quotas on streaming services like Netflix now. The Government has been promising to bring legislation on this for the past year.
\u201cThe Greens want to see a 20 per cent of local revenue quota implemented with sub quotas for children\u2019s programming, drama and documentary and appropriate intellectual property protections for local creators.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"