Will the deal with Australia help publishers around the world?

It was a long time coming but the Great Barrier Beef (as MSNBC described it) came to a head last week when Facebook blocked news content and pages from posting on their platform in Australia.

A new law which would compel platforms like Google and Facebook to compensate news publishers for content that was displayed on their sites.

Google has agreed to deals of about $1 billion while Facebook held out until 23 February 2021. The Australian Government and Facebook agreed that the negotiations would not force a deal on Facebook.

Facebook have set out their position in a post which suggests that they would be willing to use a model to invest/compensate publishers in Australia and elsewhere offering to pay about a $1 billion to publishers in the next three years.

Audio credit: ABC Australia

Image credit: © Yael Weiss/123fr.com