Canada's government says it has reached an agreement with US IT giant Google over monetary compensation for news content from Canadian media that appear in Google's search results.
The government announced on Wednesday that Google had agreed to pay 100 million Canadian dollars, or about 73.6 million US dollars, annually to news publishers in the country.
The agreement comes after Canada's parliament passed the Online News Act in June.
The new law requires internet and social media giants to pay at least 4 percent of their annual revenues in Canada to the country's media when they post links to Canadian news on their platforms.
In protest, Google had previously insisted that it would stop displaying news content from Canadian media when the legislation takes effect in December.
Google said in a statement on Wednesday, "We will continue sending valuable traffic to Canadian publishers."
Another IT giant Meta also reacted sharply to the new legislation. It has stopped news distribution in Canada on its Facebook and Instagram platforms since August.
The Canadian government says it hasn't reached a deal with Meta yet.
The government announced on Wednesday that Google had agreed to pay 100 million Canadian dollars, or about 73.6 million US dollars, annually to news publishers in the country.
The agreement comes after Canada's parliament passed the Online News Act in June.
The new law requires internet and social media giants to pay at least 4 percent of their annual revenues in Canada to the country's media when they post links to Canadian news on their platforms.
In protest, Google had previously insisted that it would stop displaying news content from Canadian media when the legislation takes effect in December.
Google said in a statement on Wednesday, "We will continue sending valuable traffic to Canadian publishers."
Another IT giant Meta also reacted sharply to the new legislation. It has stopped news distribution in Canada on its Facebook and Instagram platforms since August.
The Canadian government says it hasn't reached a deal with Meta yet.
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Summary
Canada's government announces agreement with Google to pay annual compensation of CAD 100 million for using news content from Canadian media in search results. The deal follows the passing of the Online News Act in June, which requires internet and social media giants to pay at least 4% of their
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ID: b573522b-83e0-4447-a915-7a9b7dd0aa90
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20231130_28/
Date: Nov. 30, 2023
Created: 2023/12/01 18:09
Updated: 2025/12/08 20:46
Last Read: 2023/12/01 20:22