InvestorQ : Can you tell me about the government's new bill to regulate news websites and OTT platforms? What could be the implications?
diksha shah made post

Can you tell me about the government's new bill to regulate news websites and OTT platforms? What could be the implications?

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rhea Babu answered.
1 week ago
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Here is what you need to know about the regulation of news websites and OTT platforms by the government under the aegis of the Information & Broadcasting Ministry.

· Effective immediately, the government through notification has decided to bring all forms of digital media under the ambit of the Ministry of Information and Broadcasting

· That means; the now all the online news websites, information portals, digital media and even OTT platforms will come under the ambit of I&B regulation

· Now, government has asked these digital players in the news and current affairs segment to adhere to the 26% FDI stipulation within a period of one month

· Under the new rules, all such digital portals will have to give a declaration of foreign ownership as well as names and addresses of immediate and beneficial owners

· The said portals will also have to give a declaration that all the rules pertaining to FEMA have been complied with

· Apart from digital news channels, OTT channels like Disney Hotstar, Amazon Prime and Netflix will also have to abide by these new regulations of online media

· Any proposal for fresh foreign investment in any of these digital news or OTT channels will require prior approval of the DPIIT before it can go ahead

· In addition, like in the traditional media, security clearance will be required for any foreign personnel deployed by these online media portals for beyond 60 days.

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