Technology giant Google pledges $1bn to pay for news - News Summed Up

Technology giant Google pledges $1bn to pay for news


Australian publishers have suggested US tech groups should pay the industry as much as $500 million a year under the national code, expectations that Google has described as “completely extraordinary”. “By launching a product, Google can dictate terms and conditions, undermine legislation designed to create conditions for a fair negotiation, while claiming they are helping to fund news production,” she said. Publishers will be paid for producing branded panels and Google also plans to pay publishers to bring certain news stories outside paywalls. Google has reached agreements with publishers in Germany, Brazil, Argentina, Canada and Australia and hopes to expand in India, Belgium and the Netherlands. Google has reached agreements with publishers in Germany, Brazil, Argentina, Canada and Australia and hopes to expand in India, Belgium and the Netherlands.


Source: The Irish Times October 01, 2020 15:34 UTC



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