Canada says Google will pay $74 million annually to Canadian news industry under new online law
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
Given that Googles estimated annual revenue is between 160 - 180 billion, that 74 million is only 0.04625% (if taken from the lower estimate) I'm sure they would chalk it up to just the price of doing business.
Well on the flip side, if Google doesn't mind paying that amount, Canada's news industry just gets $74 million more every year than it usually does.
And it will all go straight to their CEOs. None of the people who actually do hard work will see a penny of that.
And all they have to do to keep that money flowing is make sure they don't publish anything that might jeopardize Google's dominant market position.
Watch as youtube premium subscriptions and Canada double in price.
Well, Canada has about 0.5% of the global population and we're only talking news here, not all services. So that fine/fee seems appropriate.
So now Google has to pay a subscription to Canada?
The next evolution of subscription services hahaha
What a disgrace. This law is hostile to the basic principles of an open web; Google should have refused like Meta is.
No it's not.
The "open" Web desperately needs good quality journalism.
I agree that the decline of journalistic quality is bad for the world and would like a mechanism to improve it, but I have yet to read a convincing argument for why anyone should have to pay a fee to link to a news article. I could see an argument for reducing the amount of the content that can be republished as a preview under fair use, but nobody seems to want that.
What's stopping you from directly visiting those sites if you want to view their content?
I agree with OP. This law is a disgrace and I don't understand how people here on open fediverse can support it. It breaks the open web model and allows mega corporations to double dip - their content is public but only when they want it to be. So they want the advantages of public web without bearing the costs.
Disregard that this is Google. It sets precedent for all web and its as bad as other anti open web laws we hate. Honestly perplexed by the support with this. The corporate hate is baiting people out of sane thoughts.
Disingenuous.
I think they're more concerned about having their culture merged entirely with the United States.
So just start a government subsidy program for news, and increase corporate taxes. That would at least be honest. The lie that this is somehow compensation for something of value is the part that I can't abide. There's not even any advertising on Google News. It's literally just linking out to news articles. If you search for news topics, you usually won't find any paid links on that either. People bid on search terms related to stuff people might buy, not on hard news topics.
So now Canadian news outlets are basically partners with Google who have a significant revenue stream that depends on Google's continued success. If you thought you saw a lot of big-tech cheerleading out of the media before just you wait; we're in a whole new era.
Firefox in a nutshell.
They get so much money from Google, that they can't risk doing things "too" well.
This is extortion
Extortion is when corporations have to pay for the services they consume
What services?
Not enough
If Google is just publishing headlines and directing traffic to news sites it seems like too much.