Also in today's EMEA regional roundup: Google still fighting on "right to be forgotten" front; EU gets tough on profit-shifting; BT boss misses out on chunk of bonus.
The likes of Netflix and Amazon Prime are going to have to get with the European program and start looking increasingly beyond US-made video fare, according to a Reuters report. In European Commission proposals due to be announced next week, video streaming services operating in the region will be required to reserve at least 20% of their catalogs for European content. The Commission found that European movies already account for 27% of films shown on streaming services. In France, on-demand services are already compelled to devote 60% of their catalog to European content.
Meanwhile, back in Brussels, the European Commission has been warning Apple Inc. (Nasdaq: AAPL) and others that it is going to take an increasingly hard line on the shifting around of profits for tax "efficiency" reasons, reports Bloomberg. In a brain-hurting communique published on Thursday, the Commission set forth measures that it hopes will reduce EU member states' ability to issue rulings that ease the tax burden of foreign companies making money on their turf. (See Eurobites: EU Wants Tax Transparency From Tech Titans.)
BT Group plc (NYSE: BT; London: BTA) CEO Gavin Patterson may have to rein in some of his more exotic summer vacation plans following the news that he has missed out on part of his bonus package due to his company's failure to hit customer services targets last year. As the Financial Times reports (subscription required), moaning-minnie customers cost Patterson £290,000 ($422,543), reducing his bonus to something just north of £1 million ($1.45 million).
First-quarter revenues at Russia's Mobile TeleSystems OJSC (MTS) (NYSE: MBT) rose 7.9% year-on-year to 108.09 billion rubles ($1.63 billion), while net profits rose by a third to RUB14.50 billion ($217 million). One of the few black marks in the results was the operator's performance in Armenia, where revenue fell by more than 16%, due to "macroeconomic factors." (See Russia's MTS Knocks 5G as 'Vendor Game'.)