Big Tech to pay annual charge

Original article by Lilly Vitorovich
The Australian – Page: 4 : 17-Feb-21

The federal government has agreed to make a number of ‘technical’ changes to its media bargaining code. Amongst other things, digital platforms such as Google and Facebook will now pay news publishers an annual lump sum, rather than per click or snippet, while the requirements for them to give notice of changes to their algorithms will be simplified. Meanwhile, JPMorgan estimates that Seven West Media could gain up to $69.2m a year from its newly-struck content deal with Google. Other news publishers are also believed to be in talks with Google.

CORPORATES
GOOGLE INCORPORATED, GOOGLE AUSTRALIA PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, JP MORGAN AUSTRALIA LIMITED

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