Australia passes new media law, Facebook and Google to pay for news

25-2-2021 Cyprus Mail CyprusMail Cool

Australia passes new media law, Facebook and...

The Australian parliament on Thursday passed a new law designed to force Alphabet Inc’s Google and Facebook Inc to pay media companies for content used on their platforms in reforms that could be replicated in other countries.

Australia will be the first country where a government arbitrator will decide the price to be paid by the tech giants if commercial negotiations with local news outlets fail.

The legislation was watered down, however, at the last minute after a standoff between the government and Facebook culminated in the social media company blocking all news for Australian users....

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This article was automatically added to our system 25-2-2021

Australia passes new media law, Facebook and Google to pay for news

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