Australia passes media law that requires tech firms to pay for news: Will the system be replicated globally?
The Australian law is seen as a potential model for companies around the world who have seen their advertising revenues decimated by the rise of internet platforms.
After Google, Facebook says it will invest $1 billion to support news industry over the next 3 years
Facebook says it has invested $600 million in the news industry since 2018.
Facebook signs preliminary agreements with three Australian news publishers after new media law comes into effect
Facebook said letters of intent had been signed with independent news organisations Private Media, Schwartz Media and Solstice Media.
While Google announced a three-year global agreement with News Corp, Facebook took the opposite tack and said it would restrict people and publishers from sharing or viewing news links in Australia.