Earlier this year, major Australian media outlets, including News Corp, Nine Entertainment Co and Seven West Media, reached non-binding agreements on the use of news with Google and Facebook.
News Corp Australia’s Executive Chairman Michael Miller just confirmed that the deals are complete. (Source: voz.vn) News Corp has confirmed it has formalized agreements with two technology giants Google and Facebook to pay for the use of news content of the corporation. This early year, major media companies Australia, including News Corp, Nine Entertainment Co and Seven West Media, reached non-binding agreements on the use of news content with Google and Facebook, after the Australian Parliament passed new legislation to compel the Big tech companies have to enter into negotiations with media companies on the issue. The money News Corp receives from Google and Facebook is not made public. News Corp Australia’s Executive Chairman Michael Miller just confirmed that the deals are complete. The move to Google services started last week with the News Showcase app and will continue over the next three months, Miller said. The transition to news publishing on News’s app Facebook will be underway next June. Earlier on May 7, Mr. Miller announced plans to recruit 100 more editors for local and regional news sites, mainly focusing on audio and video news and sports news. local news. The recruitment plan above reflects the strong recovery of News Corps Australia compared to nearly a year ago, when the group had to close more than 100 publications due to financial difficulties caused by the COVID-19 pandemic. . Last week on May 4, Australian Community Communications Group confirmed that it had signed an intent to cooperate letter with Facebook. The group had previously signed an agreement with Google to provide the content of more than 40 of its newspapers for the News Showcase service before. On May 3, media group Seven West Media also announced a 5-year agreement with Google and a 3-year agreement with Facebook. In February, the second largest media group in Australia Nine Entertainment signed an agreement with Google. According to information leaked on local media, the US technology giant will pay more than 30 million AUD (24 million USD) / year over the next 5 years to use news content published in Nine newspapers. Entertainment. The Guardian newspaper published in Australia has also reached a similar agreement with Google./.
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