Canadian newspapers paid nearly $70 million by Google for content

Google (USA) announced on January 3 that it paid 100 million CAD (69 million USD) to Canadian press agencies to exploit content from media companies.

The move is part of a deal between Google and the Canadian government to compensate traditional news organizations for lost advertising revenue, according to AFP. In 2023, Canada passed the Online News Act, which established policies that would force technology platforms to pay for the use of news from news organizations. Similar policies have been adopted by Australia and European countries.

Google just announced it will pay for Canadian newspaper content.

The two leading technology companies, Google and Meta (USA), hold about 80% of advertising revenue in Canada, and have long been criticized for reducing media agencies' revenue while exploiting free news content.

A Google spokesperson confirmed that the $69 million was transferred to the Canadian Journalism Collective, a non-profit organization set up to distribute the funds. Google also said it would continue with the agreement, with a similar payment scheduled for the end of 2025.

Paul Deegan, president of News Media Canada, an organization representing major Canadian publishers and broadcasters, said the deal was “far superior” to other regions. Canadian news organizations could receive up to $20,000 CAD per journalist, creating an additional incentive for newsrooms to produce high-quality news content. Under the deal, 30% of the money from Google will be distributed to broadcasters, while the rest will be shared with news publishers.

Meanwhile, Meta has blocked Canadian news content on its Facebook and Instagram platforms to avoid paying media outlets.

Source: https://thanhnien.vn/bao-gioi-canada-duoc-google-tra-gan-70-trieu-usd-de-su-dung-noi-dung-185250104145125784.htm