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[coyotegoth]

This morning’s decision by the European Court Of Justice in Luxembourg could derail the way that most independent films and TV shows are financed now and end the pre-selling territorial rights upfront. That’s because the court ruled that selling movie and TV rights country-by-country goes against the spirit of the single European market. It could also mean that Hollywood studios may only be able to sell Europe-wide pay-TV licences for movies, rather than striking deals with individual broadcasters. The ECJ said that this exclusive system of licences is “contrary to EU law” as the whole thrust of the European Union is to encourage the single market.