Google and Facebook will be forced to pay for news content in Australia as the coronavirus pandemic causes a collapse in advertising revenue.
n Competition and Consumer Commission would release in late July draft rules for the platforms to pay fair compensation for the journalistic content siphoned from news media.
The ACCC had attempted to negotiate a voluntary code by which the global giants would agree to pay traditional media for their content.Communications Minister Paul Fletcher said Australia would take a different approach to Europe, relying on competition law rather than copyright law. “COVID-19 has impacted every business and industry across the country, including publishers, which is why we announced a new, global investment to support news organisations at a time when advertising revenue is declining,” he added, referring to a $100 million investment in the news industry announced in March.
ACCC Chairman Rod Sims played down the prospect of Google shutting down its Australian news platform rather than pay for content as it had done in Spain.
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