Both Facebook and Google say advertising revenue linked to news content is a small fraction of their overall revenue.
If the US-based platforms could not agree with the Australian media businesses on pricing after three months, arbitrators would be appointed to make a binding decision, the draft said. Google Australia and New Zealand managing director Mel Silva said the code discounts the significant value Google provided in free clicks on publishers' content.
"We are reviewing the government's proposal to understand the impact it will have on the industry, our services and our investment in the news ecosystem in Australia," said Will Easton, Facebook's local manager.
Australian lawmakers are not independent of foreign powers and TNCs. Law makers won't even force foreign companies to pay taxes in Australia, let alone force them to pay for theft of local media content.
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Australia to make Facebook, Google pay for news in world firstAustralia will force U.S. tech giants Facebook Inc and Alphabet Inc’s Google to pay Australian media outlets for news content in a landmark move to protect independent journalism that will be watched around the world. Do they have to pay when a report is untruthful? Now, That's a NIFE An excellent idea.
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Australia Unveils Its Plan to Make Facebook and Google Pay for NewsMedia companies in Australia will be able to seek payment from Facebook and Google for news articles that are posted on their platforms, according to new rules. Then the only news disseminated would be the news that falls under the umbrella of corporate profitability by cherry picking stories compatible with there agenda. Or influence entire outlets to tailor their news towards 3rd party interests risking site based competing realities. So....the logical thing to do from facebooks perspective is to block ALL links from newspapers and media.....and then CHARGE the newspapers and companies to let people share their articles across the network. This could backfire spectacularly. Best idea for greedy companies that have monopolized the market selfishly. They should also pay for stolen photos in the galleries and stolen personal composed songs that google claims unknown musician.
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Australia to require Google and Facebook to pay for news contentThe Australian government said on Friday it plans to give Google and Facebook three months to negotiate with Australian media businesses fair pay for news...
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