Google has been quietly renewing deals worth tens of millions of dollars with Australian publishers under the News Media Bargaining Code – but has added a clause allowing it to cancel them after each year.
In contrast to Meta’s decision not to negotiate new terms with Australian news organisations, stripping some $70 million a year from the industry, Google has publicly committed to re-sign its commercial agreements under the code. It is estimated to pay more than $130 million a year.
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Source Link: https://www.afr.com/companies/media-and-marketing/google-inks-renewed-media-bargaining-code-deals-with-a-catch-20240718-p5junv
Google inks renewed media bargaining code deals – with a catch:
Google has been quietly renewing deals worth tens of millions of dollars with Australian publishers …