UK MPs Propose 5% Streaming Tax to Fund British Drama

A recent report by the UK Culture, Media and Sport Committee has called for American streaming giants like Netflix, Amazon, and Disney to pay a 5% levy on their UK revenues to support the struggling British drama sector. The MPs argue that this 'Netflix tax' is essential to fund high-quality, distinctly British content, as public service broadcasters face budget cuts while the costs of production rise. Key industry figures have echoed these concerns, highlighting that the dominance of large streamers is threatening the production of culturally relevant stories. The committee suggests that if these streaming services do not voluntarily contribute to a new cultural fund, the UK government should impose a statutory levy. This initiative aims to correct the imbalance in funding and ensure that British narratives continue to thrive in the media landscape. Similar measures have been discussed in other regions, including Ireland, where a proposed levy aims to support local productions amid concerns over foreign streaming influences.