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Australia Expands Demand That Big Tech Pay for News Stories

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Australia Expands Demand That Big Tech Pay for News Stories Australia’s government plans to expand the scope and raise the charges to be imposed on Big Tech companies to encourage them to do deals with local media. The government will introduce legislation later in the year on the “news bargaining initiative,” according to an official statement. The government said in 2024 when it announced that initiative that it anticipated the law would apply to Meta Platforms Inc., Alphabet Inc.’s Google...

Australia Expands Demand That Big Tech Pay for News Stories Australia’s government plans to expand the scope and raise the charges to be imposed on Big Tech companies to encourage them to do deals with local media. The government will introduce legislation later in the year on the “news bargaining initiative,” according to an official statement. The government said in 2024 when it announced that initiative that it anticipated the law would apply to Meta Platforms Inc., Alphabet Inc.’s Google and TikTok.
Australia (LOCATION) Big Tech (ORG) Meta Platforms Inc. (ORG) Alphabet Inc.’s (ORG) Google (ORG) TikTok (ORG)
Originally published by Bloomberg Technology Read original →