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Stock impact report

UPDATE 1-Europe's creative industry slams EU Commission for rewriting copyright rules [Reuters]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: Reuters
Europe's creative industry slams EU Commission for rewriting copyright rules BRUSSELS (Reuters) - Europe’s creative industry has criticised the European Commission’s consultation on new EU copyright rules for departing from the original directive agreed last year and being unworkable. The new copyright directive, which marked the first overhaul in two decades, had pitted artists and news publishers against tech companies, internet activists and consumer groups and aimed to provide fair compensation for the bloc’s $1 trillion creative industries and its 11.7 million employees. Under Article 17 of the directive, Google-owned YouTube, Facebook’s Instagram and other sharing platforms will have to install filters to prevent users from uploading copyrighted materials. The platforms can be sued for making copyright-infringing content available to the public, even where it has been uploaded by their users. Critics say filters are costly and could lead to erroneous blocking. The Commission sou Show less Read more
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