Facebook plans $1-billion investment to support news industry

on

Facebook, following in Google’s footsteps, said it plans to invest $1 billion to “support the news industry” over the next three years.

The social networking giant, which has been tussling with Australia over a law that would make social platforms pay news organizations, said it has invested $600 million since 2018 in news.

Google said in October that it would pay publishers $1 billion over the next three years.

News companies want Google and Facebook to pay for the news that appears on their platforms. Governments in Europe and Australia are increasingly sympathetic to this point of view. The two tech companies suck up the majority of US digital advertising dollars, which — among other problems — has hurt publishers.

Facebook said on Tuesday it would lift a ban on news links in Australian after the government agreed to tweak proposed legislation that would help publishers negotiate payments with Facebook and Google. Facebook was criticized for its ban, which also temporarily cut access to government pandemic, public health and emergency services on the social networking site.

Facebook said Tuesday that the changes allow it to choose which publishers it will support and indicated that it will now start striking such deals in Australia.

Google had already been signing content licensing deals with Australian media companies, and says that it has arrangements with more than 50 publishers in the country and more than 500 globally.

There may be more such regulation in other countries. Microsoft is working with European publishers to push big tech platforms to pay for news. European Union countries are working on adopting copyright rules that allow news companies and publishers to negotiate payments.


Discover more from Current PH

Subscribe to get the latest posts sent to your email.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MUST READ

The Unfinished Revolution: Why the Katipuneros’ Struggle for Kalayaan...

More than 129 years after the Katipunan Revolution, the Filipino struggle for kalayaan remains unfinished. From the bolo of 1896 to the laptop of 2026, the battle has shifted from colonial oppression to modern economic systems that continue to limit true freedom.
video

Independence Day Debate: Youth, Dynasties and the Fight for...

https://youtu.be/BVxHclDGgZw Independence Day Debate: Youth, Dynasties and the Fight for Freedom This Independence Day special brings together prominent voices in Philippine labor, law, and political reform...
video

Political Dynasties and Corruption: The Freedom Filipinos Still Seek

https://youtu.be/yYyw_H8a_R4 Political Dynasties and Corruption: The Freedom Filipinos Still Seek As the Philippines marks Independence Day, a deeper question remains: are Filipinos truly free? This discussion...
video

Political Dynasties, Senate Gridlock and the Crisis of Democracy...

https://youtu.be/tW7K2jdPIBg Political Dynasties, Senate Gridlock and the Crisis of Democracy Today As political tensions continue to dominate national headlines, deeper questions emerge about the state of...
video

June 12 Debate: Is Philippine Independence Still Unfinished?

https://youtu.be/CIkuOso9SII June 12 Debate: Is Philippine Independence Still Unfinished? June 12 is often celebrated as a historic victory for the Filipino people, but does independence remain...

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading