June 30, 2021

Mind Life TV

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Netflix, HBO and Amazon will finance RTVE, the operators will no longer

1625037901 Netflix HBO and Amazon will finance RTVE the operators will

Specific, Netflix, HBO, Disney+ o Amazon Prime Video, among others, will have to pay the 1.5% of your annual income in concept of this tax, thus joining the large audiovisual companies in Spain that already pay it, such as Atresmedia or Mediaset. These revenues will be all those generated in Spain, although they are later invoiced in other European countries with a more favorable tax system. Therefore, all platforms that offer their services in Spain will be obliged to pay it.

Operators will no longer have to pay 0.9%

In the case of operators like Telefónica, Vodafone, Orange or MásMóvil, they will no longer have to pay the 0.9% of your income annual as they have been doing for more than a decade in our country. In exchange for this, operators will have to increase their investment in the deployment of 5G networks in Spain. Until now, operators paid the tax twice, both for offering pay TV, and for operators. Therefore, they are now exempted from this last part, which represented income of 120 million euros, although they will continue to pay the other 1.5%.

To ensure a correct RTVE funding, New ways of obtaining income are also opened, such as advertising in the form of sponsorships, advertising on international channels, or income from the content that is shown on platforms such as YouTube. These changes, together with the addition of new content producers that will pay the fee, will be sufficient for the financing so we can keep seeing series for free and RTVE.

These are the major modifications that the preliminary draft of the new Audiovisual Law, as they have explained today from the Secretary of State for Telecommunications and Digital Infrastructures. Thus, RTVE will finance all the audiovisual market agents that compete for the same audience: free-to-air TV, pay TV, video on demand and video exchange platforms.

It will be approved in 2022

The law will again be subject to public audience until the 12th of July, and it will still take a few months to be active, since it will have to go through Congress first at the end of the year (in October or November). Its final approval will take place sometime in the first half of 2022.

This rate is added to the one that forces these platforms to allocate the 3,5% of their income to audiovisual work in any format and in the official language of the State or official languages ​​of the corresponding Autonomous Communities. The figure thus rises with respect to the 0.9% in which it stood until now. In addition, the 2% it must go directly to the financing of independent cinema, and rises with respect to the current 1.8%.