Streaming giants cut spending on Australian dramas by $47m ahead of incoming local content rules

Companies like Netflix, Disney+, Binge and Stan still spent more on Australian content than free-to-air broadcasters

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The amount spent on Australian dramas by streaming companies including Netflix, Foxtel and Disney+ has fallen by 11% or $47m ahead of the federal government's promised introduction of local content obligations in the new year.

Labor has vowed to impose tougher rules on streamers to ensure Australian stories are told by the international platforms, but the legislation has been delayed until the new year.

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