Australia Proposes News Bargaining Incentive

“The new draft legislation unveiled yesterday included a dedicated levy mechanism which the government hopes will push tech platforms to strike deals directly with... negotiate with news organisations over payment for their content”

“push tech platforms to strike deals directly with... news outlets. news outlets. And that was the Prime Minister, Anthony Albanese, on the mechanics of the government's news bargaining incentive scheme.”

“The News Media bargaining code raised about a billion dollars for media content which they benefit from.”

“The News Media bargaining code raised about a billion dollars for companies were getting nothing from that. And often people would get their news from Facebook and Google.”

“the government's going to get widely applauded for this. I think the news bargaining incentive will be seen as world-leading, just as the news media bargaining code was seen as world-leading.”

“this could see many medium and small businesses miss out on a deal. And that goes against the central tenant of the news media bargaining code.”

“the Australian government's threat to Tax Tech Giants if they fail to... pay for news content. Under the plan, Metta, Google and TikTok would be taxed at the rate of just over 2%”

“proposed news bargaining incentive. It's an attempt to close a loop on... that saw Meta walk away from paying for news under the news media bargaining code two years ago.”