Australia is introducing new regulations requiring tech giants like Meta and Google to compensate local media for news content on their platforms. The initiative targets platforms with revenues over $250 million in Australia, offering fee waivers if voluntary agreements are made. Meta expressed concerns, noting users don’t typically seek news on its platforms, and it will not renew agreements with media companies after 2024.
Australia is introducing new regulations requiring tech giants like Meta and Google to compensate local media for news content on their platforms. The initiative targets platforms with revenues over $250 million in Australia, offering fee waivers if voluntary agreements are made. Meta expressed concerns, noting users don’t typically seek news on its platforms, and it will not renew agreements with media companies after 2024.