Lawstreet Journal

Google Says it will Pay Publishers $1 Billion For News in the Next Three Years

Lawstreet Journal 6 Oct 2020 9:17pm

Image courtesy: Lawstreet Journal Business Google Says it will Pay Publishers $1 Billion For News in the Next Three Years

On Thursday (1st October 2020), Google CEO Sundar Pichai said that Google has planned to pay $1 billion to publishers globally for their news over the next three years. This step could help the giant company win over a powerful group amid heightened regulatory scrutiny worldwide.

Many news publishers around the globe have constantly fought the world's most popular internet search engine for compensation for using the news content of their channels. This fight has been mainly led by the European Media group. 

This new product which will be launched by Google will be called Google News Showcase. This product will be first launched in Germany. In Germany, it has signed up with leading newspapers which include Der Spiegel, Stern, Die Zeit, and Brazil with Folha de S.Paulo, Band, and Infobae. After this, it will be launched in several different countries like Belgium, India, the Netherlands to name a few. It is reported that around 200 200 publishers in Argentina, Australia, Britain, Brazil, Canada, and Germany have signed up to Google News Showcase.

In a blog, Sundar Pichai said that this was the biggest financial commitment up to this date for Google which will pay publishers to create and curate high-quality content for a different kind of online news experience. This product will launch on Google News on Android devices and in due course on Apple devices as well. This product will allow publishers to pick and present their stories on their Android and Apple devices. The CEO also stated that "This approach… Continue Reading...

Tagged: Google  
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