New Zealand plans legislation to require Fb, Google to pay for information By Reuters

© Reuters. FILE PHOTO: A 3D printed Fb’s new rebrand brand Meta is seen in entrance of displayed Google brand on this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration

By Lucy Craymer

WELLINGTON (Reuters) – The New Zealand authorities mentioned it’ll introduce a legislation that may require massive on-line digital corporations reminiscent of Alphabet (NASDAQ:) Inc’s Google and Meta Platforms Inc (NASDAQ:) to pay New Zealand media corporations for the native information content material that seems on their feeds.

Minister of Broadcasting Willie Jackson mentioned in an announcement on Sunday that the laws might be modelled on related legal guidelines in Australia and Canada and he hoped it might act as an incentive for the digital platforms to achieve offers with native information retailers.

“New Zealand information media, notably small regional and group newspapers, are struggling to stay financially viable as extra promoting strikes on-line,” Jackson mentioned. “It’s crucial that these benefiting from their information content material truly pay for it.”

The brand new laws will go to a vote in parliament the place the governing Labour Celebration’s majority is anticipated to cross it.

Australia launched a legislation in 2021 that gave the federal government energy to make web corporations negotiate content material provide offers with media retailers. A assessment launched by the Australian authorities final week discovered it largely labored.