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Time to pay | Australia forces Google & Facebook to fork out money for news content

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Australian lawmakers have passed a law that forces tech giants like Facebook and Google fork out money for the media content. Critics argue the bill was watered down after Facebook imposed a week-long ban on Australian news.

The much-anticipated bill, which is widely expected to serve as a precedent other nations such as Canada might soon follow, seemingly puts an end to the heated row between Facebook and the Australian government that forced last-minute changes to the bill. The changes provided the tech firms with extra time to thrash out the deals with publishers to avoid being subjected to the new rules. The tech companies can potentially skirt the new media bargaining code if they make “significant financial contributions to the sustainability of the Australian news industry.”

Read more: https://on.rt.com/b2jj

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Category
Europe
Tags
RT, Russia Today, happening now
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