
Tax On Streaming Giants Invested In Swiss Films And Series
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Ersten Schweizer Filmen und Serien kommt“Lex Netflix” zugute
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Read more: Ersten Schweizer Filmen und Serien kommt“Lex Netflix” zugut
The revised Film Act, also known as“Lex Netflix”, obliges companies with TV and on-demand services to spend 4% of their revenue on domestic filmmaking. Foreign streaming services such as Netflix, Disney or Amazon, as well as German or French TV channels with Swiss advertising slots, are affected. The law has been in force since January 1, 2024.
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According to a document published by the Federal Office of Culture (FOC) on Saturday, this investment obligation affects 21 companies. These include international streaming platforms, global tech companies as well as Swiss telecoms providers, private broadcasters and on-demand services.
In 2024, these companies generated a total turnover of CHF752 million. This results in an investment obligation of CHF30.1 million. According to the document, CHF15.9 million of this has already been effectively invested. This leaves a“deferred” CHF14.2 million that they still have to invest by 2027.
Visible effectsThe projects that benefited from the investments include Landesverräter, seasons three and four of Tschugger and the series Winter Palace.
It is still too early to assess the impact of the investment obligation on the Swiss film industry, wrote FOC Director Carine Bachmann when asked by the Keystone-SDA news agency. According to her, the effects are already visible, even though the measure has only just been introduced.
More More Swiss voters decide to impose levy on streaming giantsThis content was published on May 15, 2022 Supporters of a mandatory investment by online entertainment platforms into the Swiss film industry are heading for victory in Sunday's referendum.
Read more: Swiss voters decide to impose levy on streaming giantOf the“effective investments”, CHF9.3 million have been invested in the acquisition and production of films, CHF4.9 million have been invested by television stations in their promotion, CHF1.3 million have gone to film festivals“to strengthen film culture”. Finally, CHf400,000 were spent on copyrights.
As far as the format is concerned, the slightly larger part of the CHF9.3 million francs was invested in films, namely CHF5 million francs and CHF4.2 million was spent on series.
Adapted from German by DeepL/ac

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