Google agrees to pay RM311 million to Canadian media for revenue loss caused by content aggregation.

Google agrees to pay RM311 million to Canadian media for revenue loss caused by content aggregation.

OTTAWA - 4 JAN - Google has paid C$100 million (RM311 million) to Canadian news outlets for using their content, following a deal with the government to compensate for lost advertising revenue.

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OTTAWA - 4 JAN - Google has paid C$100 million (RM311 million) to Canadian news outlets for using their content, following a deal with the government to compensate for lost advertising revenue. This agreement aligns with Canada’s Online News Act, passed in 2023, which mandates that tech platforms pay news publishers for their content. Google confirmed that the funds were transferred to the Canadian Journalism Collective, a non-profit distributing the money to media outlets.

The deal has been praised as a significant step toward supporting local journalism. News Media Canada’s president, Paul Deegan, called it a “far superior” arrangement compared to similar agreements in other countries, with Canadian outlets expected to receive up to C$20,000 per journalist. The funding aims to boost newsrooms and support high-quality journalism, while Google benefits from credible content.Meta, however, has blocked news content in Canada to avoid compliance with the law.

Google agrees topay RM311 million to Canadian media for revenue loss caused by content aggregation.

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