Around the world, news publishers are crunching numbers to figure out how much Google and Meta owe them for publishing news online.
But these numbers are shrouded in secrecy and unlikely to be made public. Rather they will be used to extract revenue from Google, which is offering money to publishers around the world in a bid to forestall government legislation impelling them to pay up.
In March 2021, Australia became the first country to use competition law to push Google and then-Facebook to pay for news.
As a result, more than $140 million USD has been injected into journalism in Australia each year since the code began, according to Sims.
Now Canada, Brazil, Indonesia, South Africa, New Zealand and the United States are looking at similar laws.
Recent Comments