Australia to force Facebook, Google to pay media companies for content

Australia will force Google of Facebook Inc. and Alphabet Inc. to pay Australian media outlets for news content, Treasurer Josh Friedenberg said on Friday.

Friedenberg said a mandatory code of conduct, which will be incorporated into law this year, is necessary to ensure the viability of Australian media companies.

Click Here To Get Fox Trade On The Go

Friedenberg told reporters in Melbourne, “This is fair to Australian news media businesses. It’s about making sure we have increased competition, consumer protection and a sustainable media landscape.”

Under Australia’s proposal, US social media and search giants would be required to negotiate with Australian media companies to use their content.

Facebook post review fully released

Australia will become the first country to require Facebook and Google to pay for news content. Both companies have spent years meeting payment demands from news publishers around the world.

Neither Google or Facebook responded immediately to a request for comment.

Australia’s aqueducts follow the main thoroughfares

If no agreement can be reached, the case will be referred to a statutory authority for arbitration. If a deal still cannot take place within 45 days, the government body will make the final determination.

Read more on Fox Business

(Reporting by Colin Packham; Editing by Tom Hogg and Stephen Coats)

Leave a Reply

Your email address will not be published.