Facebook will now pay French media to post information on its platform, the social media giant announced on Thursday.. It turns out that Facebook will now pay certain French newspapers for all the information it presents to users on their feeds, news agency AFP first reported. Not so long ago, Google announced a similar arrangement in France.
In February 2021, Google agreed to pay $22 million per year to a group of 121 national and local news publications in France after signing licensing agreements, Reuters reported in February. In addition, Google also agreed to pay $10 million to the same Alliance of General Information Press (APIG) for promising not to sue the tech giant over copyright claims during the next three years.
The iconic French news agency AFP (Agence France-Presse) is not part of this media group and therefore not part of the agreement in February, which is why the company protested against this decision for months with other media that are not part of UN COCHON. It’s still unclear what the new Facebook deal in France entails, but details are expected to be released soon.
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Why tech companies are under pressure to pay for information
News outlets are increasingly taking the brunt of content consumption via social media, even if it emanates from them. While giants like Facebook and Google are earning a gigantic amount due to users’ interaction with news on its platforms, news outlets have seen their profits truncated, especially after the Covid-19 pandemic..
In Europe, this decision comes after the promulgation of the first rule of copyright under the aegis of the European Union to create “neighboring rights”. This forces big tech companies to negotiate with publishers who may seek a portion of the profits made from the use of their news content.
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France is not the only country where the monopoly of major information technologies is threatened. Australia was actually the first country to impose similar legislation on Google and Facebook to make them pay publishers and broadcasters for content.
In fact, Google threatened to cease its search engine operations in Australia after the bill was made public. Google called the Australian government’s approach “unworkable”.
What do you think about Australia and France forcing tech companies like Facebook and Google to pay for news? Share your thoughts with us in the comments below.
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Rosemain, M. (2021, February 13). Exclusive: Google’s $76m deal with French publishers leaves many outlets furious. we