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Investing.com -- The United Kingdom (TADAWUL:4280) is contemplating a change to the BBC license fee, which may affect households using only streaming services such as Netflix (NASDAQ:NFLX) and Disney (NYSE:DIS), according to a Tuesday report by Bloomberg. This is part of a broader plan to update the funding model for the public-service broadcaster.
Prime Minister Keir Starmer’s office, the Treasury, and the Department for Culture, Media, and Sport are discussing various options, including extending the license fee to users of streaming applications.
Other alternatives being considered include permitting the British Broadcasting Corp. to incorporate advertising into their model, imposing a distinct tax on streaming services, and requiring BBC radio listeners to pay a fee.
These discussions are part of the government’s ongoing efforts to modernize the way the BBC, a public-service broadcaster, is funded. As streaming services continue to grow in popularity, these options could help ensure the broadcaster’s financial stability.
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