News Corp., a media conglomerate owned by tech giants Google and Murdoch, announced a three-year license agreement on Wednesday, ending the long-standing controversy over paying for news content.
In a statement, News Corporation said, “The groundbreaking three-year agreement includes developing a subscription platform, sharing advertising revenue through Google’s advertising technology services, fostering audio journalism, and innovative videos on YouTube. It also includes a meaningful investment in journalism. ”
Google and Facebook have been at odds with the press over years in Europe and more recently in Australia over news payments. Google recently announced a series of agreements with media companies in countries such as France, Germany and the United Kingdom, suggesting a ceasefire with major media outlets such as Lemond and the Financial Times.
The announcement came amid new tensions in Australia, the founder of News Corp., and as a member of Congress, Murdoch has finalized a new rule requiring Google and Facebook to pay for local newspapers.
Many News Corporation publications participate in the Google News Showcase, a news product for high-tech giants such as The Wall Street Journal and New York Post in the United States, The Times, The Sunday Times, and Sun in the United Kingdom. In Australia, media companies include Australian, news.com.au, SkyNews and more in Google’s products.
“We are especially grateful to Australia’s Competition and Consumer Commission Rod Sims and his talented team, as well as Australian Prime Minister Scott Morrison and Finance Secretary Josh Frydenberg,” News Corp. said. It was. CEO Robert Thomson also thanked Google CEO Sundar Pichai.
Don Harrison, Google’s president of global partnerships, said News Showcase currently has contracts with more than 500 publications worldwide.
“We want to announce more partnerships in the near future,” he added.
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