Australia to make tech companies pay more outlets for content under reworked media law
XLC•Previous law and expanded platform list
Australia's original 2021 media bargaining law required Google GOOGL.O and Facebook owner Meta META.O to negotiate payment deals for news content, with a government-appointed arbitrator empowered to set terms if negotiations failed.
The tech giants struck a series of commercial agreements under that framework, but the government began redesigning the regime after Meta said it would stop paying for news content in Australia and other markets.
The new plan includes platforms such as TikTok and Microsoft's MSFT.O LinkedIn.
(Reporting by Byron Kaye; Editing by Christian Schmollinger)
Australia to raise media-deal requirements for big tech
SYDNEY, Aug 12 (Reuters) - Australia will raise the number of deals large tech firms must strike with local news outlets under a revamp of its media licensing laws to be introduced to parliament on Thursday, the government said, adding the measure would distribute advertising revenue to more domestic outlets.
