Facebook signs letter of intent with three Australian media firms

The full version of the article, along with thousands like it, can be found on the following page: Facebook signs letter of intent with three Australian media firms

Facebook and Google versus Australia

Facebook has said it had signed letters of intent with three Australian media firms, a day after the country's Parliament passed a law forcing it to pay media companies for using content on its platform.

Facebook said it had signed partnership agreements with Private Media, which owns online magazines, Schwartz Media and Solstice Media. Commercial agreements will become effective within 60 days if a full deal is signed.

"These agreements will bring a new slate of premium journalism, including some previously paywalled content, to Facebook," the social media company said in a statement.

It did not disclose the financial details of the deal.

Facebook on Tuesday struck a similar agreement with Seven West Media, which owns a free-to-air television network and the main metropolitan newspaper in WA.

Australia  became the first nation to pass a law where a government arbitrator can set the price Google and Facebook pay domestic media for using their content if private talks fail.

Facebook blocked all news content in Australia a week ago, citing concerns with the rules, but later restored all news feeds after reaching an agreement with the government.

For months Facebook and Google threatened to pull core services from Australia if the law took effect, but Google struck some deals with publishers in the days before the vote.

The team at Platform Executive hope you have enjoyed this news article. Translation from English to other languages via Google Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Renju Jose. Editing by Richard Pullin.

Stay on top of the latest developments across the platform economy and gain access to our problem-solving tools, proprietary databases and content sets by becoming a member of our community. For a limited time, premium subscription plans start from just $7 per month.

This news article was published by Platform Executive, the home of the platform economy.

If you enjoy the content then please post a link on your website, or post on social media to help us get the word out.



Facebook signs letter of intent with three Australian media firms posted first on https://www.platformexecutive.com/

Comments

Post a Comment

Popular posts from this blog

4 tips for bouncing back from a business hardship

Image
The full version of the article, along with thousands like it, can be found on the following page: 4 tips for bouncing back from a business hardship Hardships can affect even the most successful businesses. If you’ve recently suffered a major setback within your company, it’s okay to feel discouraged. While hardships can be tough, they shouldn’t stop you from bouncing back. If you’re ready to pull your business out of a rough patch, read on for four tips to help you get back on your feet! #1 GO BACK TO YOUR COMPANY'S ROOTS If your business has come this far, there’s bound to be something you’ve done right. Sometimes hardship comes when you’ve strayed away from your original concept. If you’ve been testing out some new ideas that seem to miss the mark, try going back to your first business model and rework a new plan from there. It’s important to remember where the heart of your company truly lies, and what sets you apart from rivals , such as: Your minimum viable product
Read more

The 6 best resources to learn about database management

The full version of this article, along with thousands like it, can be found here: The 6 best resources to learn about database management Database management is one of the most sought-after skills in the technology industry. Top companies such as Google and Amazon include it regularly in technical interviews. If you are new to database management or it’s been a while since you’ve practiced, you might want to brush up on your skills before your next job opportunity. […] This article was published by Platform Executive , the home of the platform economy. If you enjoy the content then please post a link on your website, or share on social media to help us get the word out. The 6 best resources to learn about database management posted first on https://www.platformexecutive.com/
Read more

Google, Facebook agreed to team up against possible antitrust action, draft lawsuit says

Image
The full version of the article, along with thousands like it, can be found on the following page: Google, Facebook agreed to team up against possible antitrust action, draft lawsuit says Facebook and Alphabet Inc's Google agreed to "cooperate and assist one another" in case of an investigation into their pact to work together in online advertising, the Wall Street Journal has reported. The WSJ report cited an unredacted version of a lawsuit filed by 10 countries against Google last week. The nations had accused Google of working with Facebook within an unlawful manner that violated antitrust law to improve its already-dominant online advertising business. According to the report, the lawsuit said that Google and Facebook were aware that their arrangement could trigger antitrust investigations and discussed how to cope with them. A Google spokesperson told the Journal that such agreements over antitrust threats are incredibly common. The unredacted draft edition
Read more