OTTAWA (Reuters) – Canada on Friday unveiled draft rules for a new law designed to compel Alphabet’s Google and Meta Platforms pay news outlets, saying Ottawa was addressing the companies’ concerns that they may be facing an uncapped liability.
The draft rules, which will go through public consultation, would raise C$172 million ($126.6 million) per year from Google and about C$60 million per year from Facebook, a Canadian government official told reporters in a briefing.
($1 = 1.3583 Canadian dollars)
(Reporting by Ismail Shakil in Ottawa; Editing by David Ljunggren)
Canada has introduced draft rules for a new law aimed at causing Google and Meta Platforms to pay news outlets. These rules were released on Friday, with the government stating that it was addressing the concerns of the companies, who feared that they might be subjected to unlimited financial responsibility. The Canadian authorities have opened up the draft rules for public consultation. If these rules are enacted, Google will be required to pay approximately C$172 million ($126.6 million) annually, while Facebook will have to pay around C$60 million per year. A government official revealed this information during a briefing with reporters. The exchange rate between the Canadian dollar and the U.S. dollar is currently 1.3583 Canadian dollars to 1 U.S. dollar.
The new law being proposed in Canada aims to hold tech giants accountable for using content from news outlets. By requiring these companies to pay for the news they use, the government hopes to support the struggling media industry and promote fair compensation for journalists and publishers. The law is a response to concerns that tech companies have been benefiting from the work of news outlets without adequately compensating them.
The draft rules are an important step towards finalizing the legislation to regulate the relationship between major technology companies and news outlets in Canada. Public consultation will provide an opportunity for feedback and revisions before the law is enacted. The government is keen to address the concerns raised by Google and Meta Platforms, ensuring that they are not burdened with unlimited financial liabilities.
With the proposed legislation, Canada joins other nations in seeking to establish a fair relationship between news outlets and technology giants. The issue of fair compensation for news creators has been a subject of global debate, with numerous countries seeking ways to protect the media industry. These regulations will not only benefit news outlets financially, but also promote ethical practices in content sharing and distribution.
Ismail Shakil reported from Ottawa, with David Ljunggren responsible for editing the news article.
Credit: The Star : Tech Feed
![500 Gram JERUK MADU PAK ALI TERMURAH @ TERUS DARI KILANG [ PAK ALI HONEY CITRUS ]](https://www.suara.my/wp-content/uploads/500gramjerukmadupakalitermurahterusdarikilangpakalihoney-6.jpg)
