Australia Targets Meta, Google, And TikTok With Fines
TikTok owner ByteDance will incur fees that can be reduced by establishing commercial deals with Australian news publishers. If no commercial agreement is reached, the company must pay a charge calculated as a proportion of its revenue in the country. These funds will be distributed back to the news media sector to support journalists. The Australian government is currently seeking feedback on the distribution methods for these funds. No new details provided in current feed. Communications Minister Annika Wells stated that tech giants are now incentivized to follow new rules regarding news funding. Under the new deal, companies will pay significantly less in funding if they choose to make deals with news organizations. The minister noted she has held discussions with stakeholders regarding these incentives.
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Sources · 7 independent
“TikTok's owner Bite Dance will incur fees that can be reduced by... setting up commercial deals with Australian news publishers. If the digital platform chooses not to set up a commercial agreement, they will pay the charge.”
“If the digital platform chooses not to set up a commercial agreement, they will pay the charge, which is calculated as a proportion of the country's revenue, the company's revenue rather in full.”
“Communications Minister Annika Wells says she's had discussions with the stakeholders, also known as the tech giants, and the new deal means they're incentivised to follow the new rules.”
“META Google et TikTok conclut des accords commerciaux avec les médias australiens. Une façon pour le gouvernement australien de rééquilibrer les relations entre les géants qui s'accaparent une large part des revenus publicitaires.”
“Australian government says Metta, Alphabet's Google and TikTok could face multi-million knowledge.”
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