Project was approved by the Economic Affairs Committee and now goes to the Chamber of Deputies
The project that regulates streaming services was approved in a supplementary round by the Economic Affairs Commission (CAE) this Tuesday (16).
The approved text regulates the provision of video on demand services, audiovisual content sharing platforms and television via internet protocol.
The regulation is valid for all companies based in Brazil, regardless of the location of the headquarters or the infrastructure to provide the service.
From now on, companies will need to pay the Contribution for the Development of the National Film Industry (Condecine), which will be annual and will have a maximum rate of 3% of the companies’ gross revenue, including earnings from advertising and excluding direct taxes and commissions owed to marketing, broadcasting or distribution partners of the service.
Companies with annual revenues above R$96 million will pay 3%. Platforms with revenues between R$4.8 million and R$96 million will collect 1.5%. For services with revenues of less than R$4.8 million, the rate will be zero.
The Contribution will have its value reduced by half for streaming whenever at least half of the content in the catalog is national. This prediction was included in the substitute approved by the CAE.
Brazilian content
Streaming companies will have to make minimum quantities of Brazilian audiovisual content permanently available in the catalogue, with half of these quantities being independent national content. For streamings with 2 thousand products in the catalogue, at least 100 will have to be Brazilian. And for streams with 7 thousand products, at least 300 will have to be national.
At least 30% of revenues from streaming services must go to independent Brazilian producers located in the North, Northeast and Central-West regions; and at least 20% for producers established in the South region and in the states of Minas Gerais and Espírito Santo.
(With information from Agência Senado)
(Credit: Photo by Glenn Carstens-Peters on Unsplash)
