Google and Facebook will pay for news in Australia, law passed
Canberra: The Australian Parliament has passed a landmark law requiring Google and Facebook to share in the profits from sharing Australian media news.
According to a foreign news agency, Australian Finance Minister Josh Friedenberg and Information Minister Paul Fletcher said in a joint statement that the law would reward Australian media outlets for their hard work in publishing news and articles. These laws will be reviewed in a year’s time.
This is a very important law that media outlets around the world have been eagerly awaiting because it has set an example and now media outlets in other countries can benefit from it and even there if such laws are passed. They will be able to reap the rewards of their hard work, which Facebook and Google used to consume.
Read also: Facebook bans sharing of Australian media news
Initially, Facebook and Google strongly opposed the Australian law, even banning the sharing of news in the Australian media. However, Facebook withdrew its decision after allegations of restrictions on freedom of expression and strong reactions. Forced to take The two companies then sat down at the negotiating table with the Australian government and, after some relaxation of the rules, the last-minute talks were successful.
Google will now pay for news items appearing in its news showcases to related media outlets, while Facebook is also expected to start paying for written content published in its news products soon.
Surveillance agencies say that large online advertising companies, such as Facebook and Google, have already run out of ads from traditional media outlets, and that these companies are using media outlets for free.
After Australia, similar laws will soon be enacted in the UK and Canada, which tell Facebook and Google to have a lot of fun for free. Now prepare to give others a fair share of the profits.
Thousands of journalism jobs have been lost in Australia over the past 10 years and dozens of media outlets have closed as advertising has moved to digital.
According to the Australian Competition Authority, today for every ڈالر 100 of advertising, 49 49 goes to Google and 24 24 to Facebook, meaning that a total of 73% of advertising goes into the pockets of these two companies.