Google to pay $1 billion over 3 years for news content


Google says it will pay publishers $1 billion over the next three years for their news content

LONDON — Google will pay publishers $1 billion over the next three years for their news content.

“This financial commitment – our biggest to date – will pay publishers to create and curate high-quality content for a different kind of online news experience,” CEO Sundar Pichai said in a blog post.

The funding builds on a news licensing program launched by Google in June, as it seeks defuse tensions with the beleaguered news industry. News companies want Google, and its Silicon Valley rival Facebook, to pay for the news content that they siphon from commercial media while taking the lion’s share of ad revenue.

Skeptics remain, however.

The European Publishers Council said it’s an attempt by Google to stave off legislation and government action to get them to negotiate.

“Many are quite cynical about Google’s perceived strategy,” said Angela Mills Wade, executive director of the council. “By launching a product, they can dictate terms and conditions, undermine legislation designed to create conditions for a fair negotiation, while claiming they are helping to fund news production.”



Sahred From Source link Technology

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