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

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 href="https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/additional-amendments-news-media-and-digital">A new law which would compel platforms like Google and Facebook to compensate news publishers</a>&nbsp;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. <a href="https://about.fb.com/news/2021/02/the-real-story-of-what-happened-with-news-on-facebook-in-australia/">Facebook have set out their position in a post</a>&nbsp;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: <a href="https://youtu.be/C_7O5mCuko0">ABC Australia</a>
Image credit: &copy; Yael Weiss/123fr.com

The best disruptors are focused on customers, not products, they use technology rather than fear it, they create new opportunities often where regulations don't exist and they are backed by those with deep pockets and an appetite for risk.

Colin Cullis presents stories of Business Unusual - those people and companies driving the next industrial revolution. The associated articles and videos are available here

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Business Unusual

The best disruptors are focused on customers, not products, they use technology rather than fear it, they create new opportunities often where regulations don't exist and they are backed by those with deep pockets and an appetite for risk.

Colin Cullis presents stories of Business Unusual - those people and companies driving the next industrial revolution. The associated articles and videos are available here

The best disruptors are focused on customers, not products, they use technology rather than fear it, they create new opportunities often where regulations don't exist and they are backed by those with deep pockets and an appetite for risk.
Colin Cullis presents stories of Business Unusual - those people and companies driving the next industrial revolution. <a href="http://www.capetalk.co.za/features/110/business-unusual">The associated articles and videos are available here</a>

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