News Corp spurns Google news deal

Original article by Natasha Gillezeau, Max Mason
The Australian Financial Review – Page: 2 : 27-Jun-20

Google has struck deals with a number of Australian news publishers to pay for content, while it is talks with a number of others, including Australian Community Media. Google Australia MD Mel Silva says it will have to "wait and see" whether its new product offering will be impacted by the code of conduct that the Australian Competition & Consumer Commission is putting together to govern how technology companies deal with news publishers. News Corp Australasia executive chairman Michael Miller has accused Google of not being genuine, and of trying to take advantage of certain publishers when they are at their most vulnerable.

CORPORATES
GOOGLE AUSTRALIA PTY LTD, AUSTRALIAN COMMUNITY MEDIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Media regulator sets goals for fake news code

Original article by Max Mason
The Australian Financial Review – Page: Online : 26-Jun-20

The Australian Communications & Media Authority will work with digital platforms to establish a voluntary code of practice on misinformation and news quality. Such a code was a recommendation of the Australian Competition & Consumer Commission. ACMA chair Nerida O’Loughlin says false or misleading news and information on the internet has the potential to cause great harm, while she says the code will need to strike a balance between the right to freedom of speech and the need to curb the spread and impact of damaging information online.

CORPORATES
AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Google finally agrees to pay for news content – but not with everyone

Original article by David Swan
The Australian – Page: 15 : 26-Jun-20

Digital giant Google has reached agreement with several media companies in Australia regarding a deal to licence their news content. The deal covers smaller news publishers such as Solstice Media, Schwartz Media and The Conversation. Google is also said to be in talks with larger news publishers such as News Corp Australia, Nine Entertainment Company and Australian Community Media. News Corp Australasia executive chairman Michael Miller says the deal shows that Google is willing to negotiate directly with small publishers. Google will also pay for news content from several media companies in Germany and Brazil.

CORPORATES
GOOGLE INCORPORATED

Facebook says it doesn’t need news stories for its business and won’t pay to share them in Australia

Original article by Naaman Zhou, Amanda Meade
The Guardian Australia – Page: Online : 16-Jun-20

Social media company Facebook has rejected a proposal to share its advertising revenue with news publishers. The mandatory code of conduct being developed by the Australian Competition & Consumer Commission would govern the relationship between media companies and digital platforms such as Facebook and Google. Facebook claims that there would be no significant impact to its income if it stopped sharing news content, while it says the revenue-sharing proposal means it would be subsidising a competitor.

CORPORATES
FACEBOOK INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GOOGLE INCORPORATED

Netflix, Apple and Stan could be required to boost Australian content

Original article by Anne Davies
The Guardian Australia – Page: Online : 11-Jun-20

Expanding local content rules to include subscription video-on-demand services is among the options canvassed in a report that was released by the Australian Communications & Media Authority and Screen Australia prior to the onset of the coronavirus pandemic. Although local player Stan has invested in local content, SVOD providers are currently under no obligation to do so. An alternative to directly investing in the production of local content may be for streaming services to contribute to a fund that would support local production.

CORPORATES
AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, SCREEN AUSTRALIA, STAN ENTERTAINMENT PTY LTD, NETFLIX INCORPORATED, APPLE INCORPORATED, AMAZON.COM INCORPORATED

News Corp Binges to ease Foxtel’s streaming woes

Original article by Zoe Samios
The Sydney Morning Herald – Page: Online : 25-May-20

Binge CEO Julian Ogrin says he is confident that the new entertainment streaming service will attract more subscribers to Foxtel. Ogrin also runs Foxtel’s Kayo sports streaming service; he says that like Kayo, Foxtel is going for "a whole new audience" with Binge. He believes that Binge will complement Netflix’s local subscriber base, while industry observers believe the money that Foxtel is putting into Binge is similar to the amount it put into Kayo when it was launched in November 2018. News Corp Australia owns 65 per cent of Foxtel.

CORPORATES
BINGE, FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS, NETFLIX INCORPORATED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORP AUSTRALIA PTY LTD

News key for tech titans: so pay up

Original article by Leo Shanahan, David Swan
The Australian – Page: 2 : 20-May-20

The Australian Competition & Consumer Commission has released a ‘concepts paper’ on the proposed mandatory revenue-sharing code of conduct for digital companies. ACCC chairman Rod Sims says the revenue from placing advertisements adjacent to news stories is clearly a direct benefit for Google and Facebook. However, he adds that the indirect value of having news on their platform is a much bigger benefit for them. Sims says a number of payment models could be considered, noting that implementing a per-click model could be difficult.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GOOGLE INCORPORATED, FACEBOOK INCORPORATED

Foxtel to Binge on seismic change

Original article by Leo Shanahan
The Australian – Page: 19 : 18-May-20

Foxtel has yet to confirm speculation that its new entertainment-focused streaming service will be called Binge. Internally codenamed Project Ares, the new subscription video-on-demand service will debut on 25 May, featuring movies and full seasons of TV shows. It is expected to cost between $10 and $14 a month, while people who already use the Kayo Sports streaming service will be offered discounts and free trials. The new product is part of Foxtel’s shift in focus from traditional pay-TV to streaming services.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS

Google’s gross revenue dwarfs tax bill again

Original article by Michael Bailey
The Australian Financial Review – Page: 20 : 15-May-20

Google Australia had gross revenue of $4.8 billion in 2019, of which around $4.3 billion came from advertisers, according to accounts lodged with the corporate regulator on 14 May. However, the top line in its accounts shows revenue of just $1.2 billion; Google Australia says it sees itself as just as an agent that sells advertising product created by its US parent, only booking the commission it earns on each sale as revenue. Accordingly, its gross profit only amounted to $823 million, while its tax bill came in at just $100 million.

CORPORATES
GOOGLE AUSTRALIA PTY LTD

News says $600m from tech giants not enough

Original article by Max Mason
The Australian Financial Review – Page: 20 : 15-May-20

News Corp Australasia executive chairman Michael Miller agrees with Nine Entertainment chairman Peter Costello that Facebook and Google must pay for news content. However, Miller says the amount they should pay is probably much higher than the $600m a year that Costello has suggested; he notes that former senator Nick Xenophon has proposed that digital platforms pay $1bn a year. Miller adds that getting the digital platforms’ mandatory revenue-sharing code of conduct right is the first thing to do.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION