Google, Meta will be paying money to New Zealand soon| MENAFN.COM

Thursday, 09 February 2023 03:38 GMT

Google, Meta will be paying money to New Zealand soon


(MENAFN) Google and Meta may soon be paying money to New Zealand for news content as the nation is mulling a new rule in this concern.

New Zealand Broadcasting Minister Willie Jackson has stated that the suggested law “will act as a backstop in case the internet giants do not voluntarily strike deals with the media outlets.”

“We’ve probably lost 50 percent of journalists in the last 10 years. We’ve got to give hope to the small players out there. I’m proud to bring forward this legislation to support them,” Jackson informed journalists on Sunday.

“It’s not fair that the big digital platforms like Google and Meta get to host and share local news for free. It costs to produce the news and it’s only fair they pay,” he added, as shared on Stuff news website.

Several Kiwi publishers have already begun talks with the giant tech houses, and if the law is passed and applied, the minister stated the new agreement might “provide an extra USD30 million to USD50 million dollars for local journalism.”

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