Streaming giants Netflix, Disney+ and Amazon Prime could be regulated in the same way as broadcast network.
Under soon-to-be-published plans, media regulator Ofcom would be given the power to rule on complaints concerning bias and inaccuracy.
Culture Secretary Oliver Dowden is expected to introduce legislation as part of a new broadcasting act. There is concern that while Netflix and its deep pockets bring many hundreds of jobs to the UK production sector, its headquarters are in the Netherlands, and remains under Dutch regulation.
Popular Netflix drama The Crown came in for criticism during its last season for its portrayal of the breakdown in the marriage between Prince Charles and Diana, Princess of Wales.
At the time Dowden called on Netflix to include a disclaimer stating it was a work of fiction.
Legislation to ensure public service broadcasters receive prominence on smart TV platforms has already been promised.