“Public Service Networks Spend $21B A Year”: European Broadcasting Union Hits Back At Netflix Claim

EXCLUSIVE: The European Broadcasting Union (EBU) has responded to Reed Hastings’ claim Netflix is the “biggest builder” of cross-country culture in the EU. The EBU, which represents Europe’s public broadcasting networks, said its members spend €20BN ($21BN) a year on “homegrown” content, well above the investment of SVoD services. This came after Hastings on Monday […]