Countries › Brazil › Guide › 12. Sectors › Broadcasting, pay TV and media in Brazil: the 30 percent foreign cap, cross ownership limits and local content quotas
Broadcasting, pay TV and media in Brazil: the 30 percent foreign cap, cross ownership limits and local content quotas
Last verified: 2026-10-27 · Status: Stable
Newspapers and free to air radio and TV must be at least 70 percent owned, directly or indirectly, by Brazilians, with editorial control reserved to Brazilians, and broadcast licences need Congress approval. Pay TV distribution is open to any Brazilian incorporated company under Anatel, but programmers and packagers register with Ancine, keep editorial management with Brazilians and meet Brazilian content quotas that now run to 31 December 2038. Cross ownership rules stop telecom operators holding more than 30 percent of broadcasters, programmers and producers.
Key facts
| Minimum Brazilian ownership of newspapers and broadcasters (total and voting capital) | 70 %Constitution art. 222 § 1, as of 2026-10-27 · in force |
|---|---|
| Maximum stake of a telecom provider in a broadcaster, programmer or producer | 30 %Lei nº 12.485 art. 5 § 1, as of 2026-10-27 · in force |
| Maximum stake of a broadcaster, programmer or producer in a telecom provider | 50 %Lei nº 12.485 art. 5, as of 2026-10-27 · in force |
| Term of a TV broadcasting concession | 15 yearsConstitution art. 223 § 5, as of 2026-10-27 · in force |
| Term of a radio broadcasting concession | 10 yearsConstitution art. 223 § 5, as of 2026-10-27 · in force |
| End date of pay TV content quotas | 2038-12-31 dateLei nº 12.485 art. 41, as of 2026-10-27 · in force |
The rule
| Activity | Who may own it | Regulator and approval |
|---|---|---|
| Free to air radio and TV, newspapers | At least 70 percent Brazilian owned, Brazilian management | Executive grant, effective after Congress deliberation |
| Pay TV distribution | Any company incorporated in Brazil | Anatel |
| Pay TV programming and packaging | Brazilian incorporated, Brazilian editorial management | Ancine accreditation |
| Telecom group stake in broadcasters, programmers, producers | Up to 30 percent | Lei nº 12.485 art. 5 |
Foreign investment entry points in media (Constitution arts. 222 and 223; Lei nº 12.485).
Worked example
- A foreign streaming and media group wants a Brazilian free to air TV station: it can hold at most 30 percent of the total and voting capital, directly or indirectly, with Brazilians managing and programming (Constitution art. 222 § 1). If the same group also controls a Brazilian telecom operator, the 30 percent cap in Lei nº 12.485 art. 5 § 1 applies as well, and the operator may not buy national interest event rights to feed that content (art. 6).
Step by step
- 1. Map the activity: broadcasting, pay TV distribution, programming, packaging or production.
- 2. For broadcasting, structure Brazilian control of at least 70 percent and Brazilian management; plan for Congress deliberation on any grant or transfer.
- 3. For pay TV, obtain Anatel authorization to distribute and Ancine accreditation to program or package.
- 4. File the managers and control chain with Ancine and keep it updated.
- 5. Check cross ownership limits whenever a telecom group invests in content or the reverse.
Common traps
- Indirect holdings count toward the 70 percent Brazilian ownership test.
- Control changes of broadcasters must be reported to Congress.
- Content quotas were extended to 2038; models assuming their lapse in 2023 are out of date.
- Telecom groups face both the 30 percent cap and the ban on buying event rights and hiring national talent for content.
Sources
Related pages
- sectors/telecommunications
- investing/foreign-investment-regime
- taxes/digital-services
- /calendar/
- /country/brazil/
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