Indian newspapers ask Google to now pay upto 85% of revenue generated on its news

25th February 2021

25th February 2021

Close on the heels of Google and Facebook agreeing to pay to Australia’s news publishers, an association of India’s biggest newspapers on Thursday asked search giant Google to compensate them for carrying their content up to 85 per cent of the ad revenues. 

Indian Newspaper Society or INS, which represents 800 publishers, asked the US company “to pay for news generated by the newspapers which employ thousands of journalists.”

"Since the content which is generated and published by newspapers at considerable expense is proprietary, the Society pointed out that it is this credible content which has given Google the authenticity in India ever since its inception," the INS said in a statement.

Over the past year publishers across the world have been raising the issue of fair payment for content and proper sharing of advertising revenue with Google, the society said, adding that the company recently agreed to better compensate publishers in France, the European Union and notably in Australia.

"Advertising has been the financial backbone of the news industry. However, newspaper publishers are seeing their share of the advertising pie shrinking in the digital space, even as Google is taking a 'giant share of advertising spends', leaving publishers with a small share," it said.

Australia's parliament passed a law on Thursday to make Google and Facebook pay media companies for content on their platforms in reforms that many countries are looking to replicate and are setting global precedents.

It paves the way for Google and Facebook to plough tens of millions of dollars into struggling local media companies, and could provide a model for resolving tussles with regulators worldwide. Australian Prime Minister Scott Morrison had said earlier he had discussed the developments with Prime Minister Narendra Modi.

Google has already brokered deals worth millions of dollars with Australian media companies, including the two largest: Rupert Murdoch's News Corp and Nine Entertainment.

A more reluctant Facebook -- which briefly slapped a site-wide ban on Australian news in protest at the law -- has inched towards a first deal with Seven West, and said more negotiations are on the way.

 

 

 

 

 

Number of Reads: 22

2021 Newsbred© All Rights Reserved.

Support Us X

Contribute to see NewsBred grow. And rejoice that your input has made it possible.

Contribute to see NewsBred grow.X