As multiple streaming services prepare for an intensifying battle over European subscribers, British-made content continues to surge. This content bonanza and bidding wars between buyers are driving up prices for shows.
Netflix expanded its global footprint with a ten-year lease at the U.K’s Shepperton Studios. The lease grants Netflix exclusive access to a majority of Shepperton including 14 sound stages.
Netflix surpassed Sky in the UK in terms of subscribers for the first time in 2019. The victory makes Netflix the most widely subscribed to media platform in the U.K.
All told, Barclays, HSBC and Bank of Ireland could face a tax bill up to £11 billion for their role in EIS tax avoidance schemes.
No longer will taxpayers and producers be able to use EIS structures that solely finance production tax credits, presales, and other guaranteed funds.