RIP the original live-action Spider-Man. ALSO: Australia introduces streaming quotas. AND: TikTok keeps it real

Yesterday Australia passed its long-in-the-works legislation mandating streaming services produce Australian-made content.

The quotas require streamers with more than one million Australian subscribers spend 10% of their Australian expenditure, or 7.5% of their revenues, on local originals irrespective of genre.

Those platforms who meet the threshold are …