Spanish media regulator the CNMC has said it may sanction DTS – the pay TV outfit operating the Canal+ service that was acquired by Telefónica in 2014 – for failing to meet its obligations to finance European audiovisual content.
Under Spain’s audiovisual communication law, failing to meet this obligation can open companies up to fines of between €500,001 and €1 million.
Under the law, media and telecom companies that distribute TV channels are obliged to plough 5% of their operating income into content creation. Public companies have to contribute 6%.
Some 60% of the quota must be dedicated to theatrical films, of which 60% must be spent on Spanish-language content.
The CNMC said its opening of a file on the possible sanction of DTS’s failure to meet its obligations did not prejudice the final outcome of its investigation, which could take up to six months.
25 September 2020 @ 20:00:00 UTC
25 September 2020 @ 19:00:00 UTC
25 September 2020 @ 18:00:00 UTC
25 September 2020 @ 17:08:33 UTC