Facebook, following in Google's footsteps, says it plans to invest $US1 billion to "support the news industry" over the next three years. The social networking giant, which has been tussling with Australia over laws that would make social platforms pay news organisations, says it has invested $US600 million since 2018 in news. Google said in October it would pay publishers $US1 billion ($A1.3 billion) over the next three years. News companies want Google and Facebook to pay for the news that appears on their platforms and governments in Europe and Australia are increasingly sympathetic to this point of view. The two tech companies suck up the majority of US digital advertising dollars, which, among other problems, has hurt publishers. Facebook said on Tuesday it would lift a ban on news links in Australian after the government agreed to tweak proposed legislation that would help publishers negotiate payments with Facebook and Google. Facebook was criticised for its ban, which also temporarily cut access to government pandemic, public health and emergency services on the social networking site. Facebook said the changes allowed it to choose which publishers it would support and indicated it would now start striking such deals in Australia. Google had already been signing content licensing deals with Australian media companies, and says it has arrangements with more than 50 publishers in the country and more than 500 globally. There may be more such regulation in other countries. Microsoft is working with European publishers to push big tech platforms to pay for news. European Union countries are working on adopting copyright rules that allow news companies and publishers to negotiate payments. Australian Associated Press
Facebook has matched Google's pledge to pay $US1 billion to news publishers over three years.
Facebook, following in Google's footsteps, says it plans to invest $US1 billion to "support the news industry" over the next three years.
The social networking giant, which has been tussling with Australia over laws that would make social platforms pay news organisations, says it has invested $US600 million since 2018 in news.
Google said in October it would pay publishers $US1 billion ($A1.3 billion) over the next three years.
News companies want Google and Facebook to pay for the news that appears on their platforms and governments in Europe and Australia are increasingly sympathetic to this point of view.
The two tech companies suck up the majority of US digital advertising dollars, which, among other problems, has hurt publishers.
Facebook said on Tuesday it would lift a ban on news links in Australian after the government agreed to tweak proposed legislation that would help publishers negotiate payments with Facebook and Google.
Facebook was criticised for its ban, which also temporarily cut access to government pandemic, public health and emergency services on the social networking site.
Facebook said the changes allowed it to choose which publishers it would support and indicated it would now start striking such deals in Australia.
Google had already been signing content licensing deals with Australian media companies, and says it has arrangements with more than 50 publishers in the country and more than 500 globally.
There may be more such regulation in other countries.
Microsoft is working with European publishers to push big tech platforms to pay for news.
European Union countries are working on adopting copyright rules that allow news companies and publishers to negotiate payments.
Australian Associated Press
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