- Thread starter
- Staff
- #1
Dadparvar
Staff member
- Nov 11, 2016
- 10,720
- 0
- 6
The Australian Parliament on Thursday passed the “News Media Bargaining Code,” now requiring major technology companies subject to the law to share revenue with local Australia news organizations.
Members of Parliament proposed the legislation last December to address new challenges that the local news industry faces with the rise of global technology companies. The law mandates that corporations like Facebook and Google pay local news companies when local content is spread on their platforms.
The law faced significant pushback from technology companies while being debated in Parliament. Last week, Facebook implemented a ban on local media content in Australia in response but ultimately reversed the policy, explaining that they are pleased the Australian government has “agreed to a number of changes and guarantees that address our core concerns about allowing commercial deals that recognize the value our platform provides to publishers relative to the value we receive from them.”
One of the major amendments is the criteria for being subject to the law. The minister must now consider if the social media company already has existing contracts with local news organizations before requiring revenue sharing. The modified law also gives social media companies one month of notice before the law applies.
Australia Treasurer Josh Frydenberg called the passage a “significant milestone” and stated that “the legislation will help level the playing field [and] see Australia news media businesses paid for generating original content.”
The post Australia parliament passes media revenue sharing law appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.
Members of Parliament proposed the legislation last December to address new challenges that the local news industry faces with the rise of global technology companies. The law mandates that corporations like Facebook and Google pay local news companies when local content is spread on their platforms.
The law faced significant pushback from technology companies while being debated in Parliament. Last week, Facebook implemented a ban on local media content in Australia in response but ultimately reversed the policy, explaining that they are pleased the Australian government has “agreed to a number of changes and guarantees that address our core concerns about allowing commercial deals that recognize the value our platform provides to publishers relative to the value we receive from them.”
One of the major amendments is the criteria for being subject to the law. The minister must now consider if the social media company already has existing contracts with local news organizations before requiring revenue sharing. The modified law also gives social media companies one month of notice before the law applies.
Australia Treasurer Josh Frydenberg called the passage a “significant milestone” and stated that “the legislation will help level the playing field [and] see Australia news media businesses paid for generating original content.”
The post Australia parliament passes media revenue sharing law appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.