Brazil moves to regulate streaming platforms

Brazil is set to regulate streaming platforms with a new law, impacting services like Netflix and TikTok. The proposed law introduces a tax on gross revenue, with rates up to 4% for traditional streaming and 2% for user-generated content platforms. A portion of this tax can be offset by investments in Brazilian productions. The legislation also mandates that at least 10% of platform catalogs feature Brazilian content, with half from independent producers, aiming to boost the national audiovisual sector.