The Spanish audiovisual groups forced to finance in advance European work allocated 380.6 million euros Ay in 2022. Of that amount, 65.9% were invested in series shot in Spanish official Spanish languages, which added to fictions of this type in other EU countries add 76.4% of the total investment. This is reflected by the National Commission of Markets and Competition (CNMC) in its annual report published on Wednesday on the compliance in 2022 of this obligation that determines the European legislation collected in the General Law of Audiovisual Communication, according to which providers must allocate at least 5% of their income to audiovisual production in the EU, a percentage that amounts to 6% in the case of public entities. The comparison with the editions of this report during the previous five exercises show a constant result around three quarters of that total investment that retains the series of the series: 67.21%, in 2021; 76.13%, in 2020; 74.7%, in 2019; 78.3%, in 2018; and 77.9%, in 2017.
The new CNMC data on the year in 2022, the last available one, break down 250.9 million euros for investment in series in official languages in Spain, while the film investment in these languages reached 80.3 million euros and that of independent cinematographic productions had another 80 million. Among the most investors are Atresmedia, with 94.9 million; Telefónica (owner of the Movistar Plus+platform), with 90.4 million; RTVE, with 60.4 million; Mediaset, with 47.6 million; and Disney, with 37 million. In total, all these firms represented 86.8% of the total investment in European work during 2022.
The following year, a series of modifications in the regulations that extend the scope of the obligation to finance European work to the companies established in other EU countries that operate in Spain, and will be reflected in the next CNMC report on the year on the year in 2023. Various exemptions: either by constituting a low audience service, or by having a low business volume or that the nature of the service makes the obligation impracticable.
