Australia passes law to make Google, Facebook pay for news
Australias laws forcing Google and Facebook to pay for news are ready to take effect, though the laws' architect said it will take time for the digital giants to strike media deals. 25, 2021, passed amendments to the so-called News Media Bargaining Code agreed between Treasurer Josh Frydenberg and Facebook chief executive Mark Zuckerberg on Tuesday. (AP Photo/Mark Lennihan, File)CANBERRA โ Australiaโs law forcing Google and Facebook to pay for news is ready to take effect, though the laws' architect said it will take time for the digital giants to strike media deals. In return for the changes, Facebook agreed to lift a ban on Australians accessing and sharing news. โThe purpose of the code is to address the market power that clearly Google and Facebook have.
Facebook threatens to block news distribution in Australia
Australian Communications Minister Paul Fletcher declined to say whether he thought Facebook would make good on its threat. We dont respond to coercion or heavy handed threats wherever they come from, Frydenberg said, referring to the Facebook threat. Facebooks threat today to prevent any sharing of news on its services in Australia is ill-timed and misconceived, Sims said. My sense would be in terms of overall revenues for Facebook, not very much, Flew said of costs. The draft legislation that aims to make Australia succeed where other countries have failed in forcing the companies to compensate media businesses for news content was made public in July.