Exclusive: The recently-launched Swiss Studios is readying a slate of streamer-friendly originals, including a drama series set in a German oil town and limited series about a Swiss samurai.
Launched last month as a collective of five European production companies, Swiss Studios is seeking to take advantage of Switzerland’s ‘Lex Netflix’ legislation, which instructs global streamers such as Netflix, Prime Video and Disney+ to reinvest 4% of their local income in Swiss film and television productions, or pay a tax.
Swiss Studios CEO Malte Probst told Deadline that streamers have been willing to pay the 4% “as along as the content is of they quality they need.” He estimates the tax will bring in around 20M Swiss francs ($22.4M) directly, but with associated costs could add as much as 40M Swiss francs each year. “It’s a sizeable amount,” he added.
Deadline can reveal Swiss Studios — which comprises Elite Filmproduktion, Praesens-Film Production,...
Launched last month as a collective of five European production companies, Swiss Studios is seeking to take advantage of Switzerland’s ‘Lex Netflix’ legislation, which instructs global streamers such as Netflix, Prime Video and Disney+ to reinvest 4% of their local income in Swiss film and television productions, or pay a tax.
Swiss Studios CEO Malte Probst told Deadline that streamers have been willing to pay the 4% “as along as the content is of they quality they need.” He estimates the tax will bring in around 20M Swiss francs ($22.4M) directly, but with associated costs could add as much as 40M Swiss francs each year. “It’s a sizeable amount,” he added.
Deadline can reveal Swiss Studios — which comprises Elite Filmproduktion, Praesens-Film Production,...
- 11/15/2024
- by Jesse Whittock
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.