The Australian Parliament has passed a landmark bill on Thursday, under which now global digital companies will have to pay money to local news content.
- February 25, 2021, 10:49 AM IST
In return, Facebook agreed to lift the ban on people from Australia sharing and accessing news on Facebook. Rod Sims, who is the competition regulator, drafted the code. He said he was happy that the amended law would correct the market imbalance between the Australian news publishers and the two gateways to the Internet. Sims told Australian Broadcasting Corp that all signs were good.
The laws were already passed
He said, “The code is intended to address the market power that Google and Facebook clearly have. Google and Facebook need media, but they don’t need a particular media company. That means media Companies cannot do commercial deals. ” He said that the rest of the laws were passed earlier, so now they can be implemented. these Also read: Kiran Ahuja, who was in Obama team, also in Biden team, why?
Google deals with news businesses
Google has in recent weeks struck deals with major Australian news businesses including News Corp and Seven West Media. Friedenberg said he was happy to see the progress of Google and more recently Facebook to reach commercial deals with Australian news businesses. But Country Press Australia, representing 161 regional newspapers across the country, has expressed concern that smaller publications outside big cities may miss it. Sims said he was not surprised that the platforms would deal with big city businesses first.