Late last month, Australia passed a new law forcing streaming platforms to bankroll local content just to stay in business. And they’re not alone—Brazil, Canada, and the European Union are all following suit with similar rules. Disguised as support for domestic entertainment industries, these mandates are really a global shakedown of predominantly American streaming services, making them foot the bill for content worldwide. If more countries keep copying this playbook, the real losers won’t be Hollywood—they’ll be everyday viewers, who face higher costs and fewer choices.
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