Netflix a ‘threat to jobs’ without media reforms

Original article by Darren Davidson
The Australian – Page: 1 & 2 : 14-Jan-16

Changes to cross-media ownership laws remain on the Australian Government’s agenda, and Nine Entertainment Company CEO Hugh Marks argues that reforms are necessary for local companies to compete effectively against offshore groups like Netflix. He notes that the subscription video-on-demand provider is not subject to the same regulations and does not pay a licence fee. Marks adds that lack of reform will threaten jobs in the industry and the production of local content.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, NETFLIX INCORPORATED, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, STAN ENTERTAINMENT PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, WIN CORPORATION PTY LTD, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

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