Tech giants Google and Facebook will be required to pay Australian media outlets for the news stories they publish under a new mandatory code of conduct on digital platforms to be implemented from July, the Australian government announced Monday.
If successful, Australia will be the first market in the world to force the tech companies to pay for locally generated content.
The development of a code of conduct is part of the Australian Government’s response to its Digital Platforms Inquiry report by anti-trust regulator the Australian Competition and Consumer Commission.
The ACCC identified that Facebook and Google have each become “unavoidable trading partners for Australian news media businesses in reaching audiences online, resulting in.
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