A television cameraman films the logo of Nine Entertainment Co Holdings Ltd on display outside its Sydney headquarters in Australia, July 26, 2018. REUTERS/David Gray/File Photo
SYDNEY (Reuters) - Australia on Wednesday said promised laws forcing tech giants to pay media outlets for content had already succeeded after reports that publisher and broadcaster Nine Entertainment Co Holdings Ltd agreed on a licensing deal with Google.
The Alphabet Inc owned company agreed to pay Nine more than A$30 million ($23.25 million) a year for its content, two of Nine's newspapers reported, citing unidentified industry sources. The deal would be formally signed in the next two weeks, the newspapers said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
