Will tech firm deal for Australia news be replicated globally?


After months of tense negotiation, the Australian government agreed to water down elements of the new law in exchange for Facebook and Google agreeing to payment deals with struggling local media firms – seen as a potential model for companies around the world. — Reuters

PARIS: Australia passed a groundbreaking law on Feb 25, forcing tech giants to pay for news shared on their networks.

After months of tense negotiation, the government agreed to water down elements of the new law in exchange for Facebook and Google agreeing to payment deals with struggling local media firms – seen as a potential model for companies around the world who have seen their advertising revenues decimated by the rise of Internet platforms.

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