New Zealand proposes legislation requiring Google and Meta to pay for news.

(Schematic, Reuters)

[Financial Channel/Comprehensive Report] Google, Meta and other digital platforms have monopolized the digital advertising market, affecting the survival of the global media industry and attracting the attention of governments around the world.

Foreign media reported that the New Zealand government plans to introduce legislation requiring Google and Meta to pay for news.

"Reuters" reported that New Zealand Communications Minister Willie Jackson issued a statement on Sunday (4th), saying that as more and more advertisements are shifted to the Internet, New Zealand news media, especially small regional and community newspapers Facing financial challenges.

Please read on...

Willie Jackson said that producing news requires cost, and it is unfair for large digital platforms such as Google and Meta to host and share local media news for free. He believes that Google and Meta should pay New Zealand media companies for the use of local news content. Lan will be modeled on similar laws in Australia and Canada, requiring Google and Meta to pay New Zealand media operators for the use of local news content, and hopes that the new law will be an incentive for digital platforms to strike deals with local news operators.

New Zealand's new legislation will be voted on in parliament, with the ruling Labor Party expected to win a majority, the report said.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news