News publishers will get US$1 bil over 3 years from Google

CEO Sundar Pichai said Alphabet’s Google plans to pay US$1 billion to publishers globally for their news over the next three years.

He said the new product called Google News Showcase will launch first in Germany, where it has signed up German newspapers including Der Spiegel, Stern, Die Zeit, and in Brazil with Folha de S Paulo, Band and Infobae.

“This financial commitment — our biggest to date — will pay publishers to create and curate high-quality content for a different kind of online news experience. This approach is distinct from our other news products because it leans on the editorial choices individual publishers make about which stories to show readers and how to present them.” Pichai said in a blog post.

Alphabet reported a net profit of US$34.3 billion on revenue of almost US$162 billion last year.

“With News Showcase and the new integration of editorial content like from Spiegel, Google shows that they are serious about supporting quality journalism in Germany. We are happy to be part of it from the start,” said Stefan Ottlitz, managing director of the Spiegel Group.

“By launching a product, they (Google) can dictate terms and conditions, undermine legislation designed to create conditions for a fair negotiation, while claiming they are helping to fund news production,” said EPC Executive Director Angela Mills Wade.

About 200 publishers in Argentina, Australia, Britain, Brazil, Canada and Germany have signed up to the product.

Google is negotiating with French publishers, among its most vocal critics, while Australia wants to force it and Facebook to share advertising revenue with local media groups.

————————————————————————————————————

The full-day Malaysian Media Conference on October 23 showcases 20 speakers and panelists and will be held at the Sime Darby Convention, which adheres to the highest COVID-19 protocol standards. REGISTER HERE: https://marketingmagazine.com.my/event/malaysian-media-conference-2020/


MARKETING Magazine is not responsible for the content of external sites.

The APPIES is an annual event that presents a rare opportunity for creative, media, digital and marketing agencies or brands to present their best campaigns to the industry.

This is the only event where Live Presentations meets Live Judging.

Similar to TED Talks, The APPIES is the chance for great presenters with outstanding work to show it off to some of the industry’s most important industry leaders.

This year’s winners will receive Gold, Silver or Bronze trophies for 21 categories, and 6 special Best of Best categories (red trophies) that require no submissions!

Campaign entries must have run between June 2023 to May 2024

Submissions Deadline
30th June 2024

APPIES Festival – Judging & Presentations
11th – 12th July 2024 (Malaysia)

 

Download Event PDF
Submit Entries Here




Subscribe to our Telegram channel for the latest updates in the marketing and advertising scene