Topics
late
AI
Amazon
Image Credits:Alex Wong / Staff / Getty Images
Apps
Biotech & Health
mood
Image Credits:Alex Wong / Staff / Getty Images
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
fund-raise
appliance
Gaming
Government & Policy
computer hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
protection
societal
distance
Startups
TikTok
fare
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
A few years ago , Australia pass off legislation want chopine giants including Facebook - owner Meta and YouTube ’s parent Google to negotiate with news publishers to pay for journalism reshares . The News Media Bargaining Code forced Big Tech to turn out deals with local news electric outlet . However , Meta has sincemoved aside from further newson its platformsglobally — andin March , it offend Australian publishers by telling them commercial system deserving around $ 70 million would not be regenerate .
A few months on from Meta ’s bombshell move , the Australian government is readying its response : TheFinancial Timesreports that it will introduce a legislative amendment targeting social media and search locomotive which will impel them to pay for news if local revenues transcend $ 250 million per year . The news taxation would be offset against any defrayal voluntarily made to publisher — so the measure , which will undergo public interview next year , is clearly intended to get Big Tech back around the media negotiating mesa .
