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Added on the 18/01/2023 20:37:10 - Copyright : France 24 EN
The EU's landmark curbs on how tech titans do business online kicks in from March 7th. "As of midnight, the gatekeepers are required to prove that they are complying with the DMA (Digital Markets Act)", says Johannes Bahrke, EU spokesperson. Brussels is determined to create a more competitive online field that allows smaller players to flourish by ushering in a list of do's and don'ts for six so-called "gatekeepers" designated by the EU: Apple, Amazon, Google owner Alphabet, TikTok parent ByteDance, Meta and Microsoft. SOUNDBITE
On Saturday, Netflix said it would declare more than $1.3 billion in UK revenue. The news is likely to put pressure on other tech giants like Amazon and Google many of which use tax jurisdictions to their favor. Business Insider reports Netflix has about 50 productions based in the UK, including "The Crown" and "The Witcher." Variety reports Netflix is planning to double UK spending.