Sources:
https://www.observerbd.com/news.php?id=379293
https://businesspostbd.com/front/regulations-should-be-industry-friendly-2022-08-14
https://www.tbsnews.net/tech/ict/dont-let-regulations-hurt-ott-platform-growth-stakeholders-476594
https://www.newagebd.net/print/article/178344
Stakeholders in the digital industry are urging for industry-friendly regulations that promote the growth and development of Over-the-Top (OTT) platforms. As discussions on regulations for OTT platforms continue, it is crucial to strike a balance that nurtures innovation and creativity while addressing concerns raised by stakeholders.
OTT platforms have experienced significant popularity, providing users with diverse content and entertainment options. However, the need for regulations arises to address issues such as content moderation, revenue generation, and market competition. While recognizing the importance of regulations, stakeholders emphasize the need for an industry-friendly approach that supports growth and innovation.
Stakeholders stress that regulations should not hinder the potential of OTT platforms and instead foster an environment that enables fair competition and consumer protection. Striving for a level playing field is crucial in maintaining healthy market dynamics. Collaborative discussions between regulatory authorities and industry players are vital for establishing transparent regulations that address concerns effectively. The involvement of all stakeholders ensures a comprehensive approach to regulating OTT platforms without stifling their potential for growth and development (TBS News).
Rashna Imam, a prominent legal advisor and advocate, has played a crucial role in highlighting the importance of balancing regulatory measures with the growth potential of OTT platforms. Imam has emphasized the need for industry-friendly regulations that foster innovation and protect user interests.
Industry-friendly regulations should focus on areas such as content standards, data privacy, and revenue models. Clear guidelines for content moderation and ensuring user privacy are essential to address key concerns while preserving the freedom for creative expression (Business Post).
As reported by New Age, the stakeholders emphasize the need to create an enabling environment that supports the growth of OTT platforms. Exploring mechanisms like self-regulation and voluntary codes of conduct can effectively address challenges while fostering innovation and growth.
In conclusion, stakeholders in the digital industry advocate for industry-friendly regulations to foster the growth of OTT platforms. While recognizing the need for regulations, it is crucial to strike a balance that supports innovation, fair competition, and consumer protection. Transparent discussions and clear guidelines for content standards and user privacy are key in establishing effective regulations. By creating an enabling environment, the industry can continue to evolve and provide users with diverse and engaging content.
