Eurobites: UK Govt Pushes for Single EU Digital Services Market
The UK government’s Business Secretary, Vince Cable, is calling for the creation of a single European Union market for digital services, reports the Daily Telegraph. If such a plan ever came to fruition it would have major repercussions for the likes of Netflix Inc. (Nasdaq: NFLX), as streaming services currently vary their output and charges according to the particular territory they are serving. In his pre-prepared speech, to be delivered in Brussels today, Cable says: “In today’s world of smartphones and WiFi, consumers who have paid for a service rightly expect to be able to use it across borders in the EU. But at the moment we have a patchwork quilt of digital content and services — very good in some places but threadbare in others.”
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