The nation units a precedent for others to comply with go well with, forcing tech giants to pay media corporations for utilizing their content material on the Google Information Showcase and Fb Information.

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This text was translated from our Spanish version utilizing AI applied sciences. Errors could exist because of this course of.

This Thursday, the Australian parliament handed a legislation for Fb and Google to pay media corporations to make use of their content material. With this, Australia turns into the primary nation the place the federal government can set the quantity that the tech giants can pay to the nationwide press and units a precedent for different nations to comply with go well with.

“The code will be sure that media corporations obtain truthful compensation for the content material they generate, which can assist hold journalism within the public curiosity ,” Treasurer Josh Frydenberg and Communications Minister Paul Fletcher stated in a joint assertion.

Negotiations to push for regulation escalated when Fb determined to dam all information content material for Australian customers. The ban additionally blocked many authorities and non-profit pages, together with public well being companies that unfold dependable details about COVID-19.

After intense discussions with Mark Zuckerberg , founder and CEO of Fb , the Australian authorities agreed to amend the laws, whereas the social community promised to unblock the information.

Thus, Google can pay for the information that seems in its new Google Information Showcase software. In the meantime, Fb will pay the media that seem in its Fascebook Information part, which it would launch this yr in Australia. Any longer, the 2 ‘large techs’ have two months to succeed in different agreements and keep away from binding arbitration.

Each events took this as a win-win, because the Australian Authorities provided sure concessions to ‘large tech’. The authorities promised to consider the personal industrial agreements that Google and Fb conclude with information corporations, earlier than legally intervening.

There are already agreements between the press and know-how giants

Google , owned by Alphabet Inc. , stated final yr that if the legislation had been enacted, it could shut down its search engine in Australia. Nevertheless, the corporate relaxed its stance and reached an settlement to pay Rupert Murdoch’s Information Corp, Australia’s Information Corp, for its content material.

For his half, Nick Clegg, Fb’s head of public affairs , introduced that the corporate will make investments “a minimum of” one billion {dollars} in information content material over the subsequent three years. That is along with the 600 million {dollars} invested in media since 2018.

“The Authorities is happy to see the progress of Google and, extra lately, of Fb in reaching industrial agreements with Australian information shops,” stated Frydenberg . He added that the brand new legislation shall be reviewed one yr after it comes into power, to evaluate whether or not it requires changes.

The brand new legislation on fee for journalistic content material emerged because of investigations by the Australian Competitors and Client Fee (ACCC). These confirmed an imbalance in promoting income between know-how corporations and the media in Australia, a truth that’s not unique to that nation.

A number of Australian shops, together with Seven West Media, 9 Leisure and Australian Broadcasting Corp, have revealed that they’re in talks with Fb.

Nations reminiscent of Canada, the UK, France and India are concerned about making use of comparable measures.

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