Eurobites: Be More European, EU Tells Streaming Services
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.
The so-called "right to be forgotten" principle is still causing problems for Google (Nasdaq: GOOG). As the BBC reports, the search giant has appealed to the highest court in France against a €100,000 (US$112,000) fine for failing to delete certain search results from all its Google domains worldwide. Google maintains it has done enough by making it impossible for people within Europe to access the search results in question: France disagrees. (See Eurobites: EU Warns Google Over 'Right to Be Forgotten' Opportunism.)
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'.)
A delegation from European Telecommunications Network Operators' Association (ETNO) hopped across the Pond this week to learn more about policy and regulatory developments in the US, and in particular how they relate to telecom and technology innovation and investment. Representatives from Telefónica , Deutsche Telekom AG (NYSE: DT), Orange (NYSE: FTE), Telenor Group (Nasdaq: TELN) and Proximus joined the junket.
— Paul Rainford, Assistant Editor, Europe, Light Reading
COMMENTS Add Comment
UPCOMING LIVE EVENTS
February 7-9, 2023, Virtual Event
February 15, 2023, Virtual Event
March 15-16, 2023, Embassy Suites, Denver, CO
March 21, 2023, Virtual Event
May 15-17, 2023, Austin, TX
December 6-7, 2023, New York City
February 2, 2023 DIY Data Center Automation Deep Dive: Challenges and Opportunities for CSPs, Enterprises, and Cloud Providers
February 7, 2023 Optical Networking Digital Symposium - Day 1
February 9, 2023 Optical Networking Digital Symposium - Day 2
February 14, 2023 Achieve Your Growth Potential with Next-Gen Content Delivery
February 15, 2023 Digital Divide Digital Symposium
February 16, 2023 SCTE® LiveLearning for Professionals Webinar™ Series: Getting the Edge on Edge ComputingWebinar Archive
PARTNER PERSPECTIVES - content from our sponsors
How 5G Thrives ASEAN Digital Economy By Huawei
Huawei OptiX OSN 9800 Ranked as "Leader" with the Highest Score in Core Packet-Optical Platform by GlobalData By Huawei
Capitalizing On 5G Innovation To Deliver Breakthroughs At The Edge By Kerry Doyle, sponsored by ZTEAll Partner Perspectives