Canada says Google will pay $74 million annually to Canadian news industry under new online law::Canada’s government says it has reached a deal with Google for the company to contribute $100 million Canadian dollars annually to the country’s news industry
This is the best summary I could come up with:
Canada’s government said Wednesday it reached a deal with Google for the company to contribute $100 million Canadian dollars annually to the country’s news industry to comply with a new Canadian law requiring tech companies to pay publishers for their content.
Facebook and Instagram parent company Meta already has been blocking Canadian news since earlier this year.
“Google has agreed to properly support journalists, including local journalism,” Canadian Prime Minister Justin Trudeau said.
If there is a better deal struck elsewhere in the world, Canada reserves the right to reopen the regulation,” St-Onge said at a news conference.
“With newsrooms cutting positions or closing entirely, the health of the Canadian news industry has never been more at risk,” she said in Wednesday’s statement.
Earlier this year, Canada’s government said it would stop advertising on Facebook and Instagram, in response to Meta’s stance.
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