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    Home » Australia introduces ‘News Bargaining Incentive’ for Digital Platforms
    Tech World

    Australia introduces ‘News Bargaining Incentive’ for Digital Platforms

    This move follows Meta's decision to stop funding Australian news via deals with publishers earlier this year.
    News DeskBy News DeskDecember 12, 2024
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    Digital Platforms to pay for Australian News, Bypassing Publisher deals_Image Via_Pexels
    Image Via: indra projects@Pexels | Cropped by BH

    Sydney: The Australian government introduced a “news bargaining incentive,” requiring digital platforms to either pay a charge or negotiate directly with publishers for news.

    The charge is designed to encourage platforms to pay publishers directly rather than the government, with the offsetting mechanism encouraging fair compensation.

    The measure responds to the announcement made in March by Meta, Facebook and Instagram’s parent company, that it would stop funding Australian news through deals with publishers.

    The new model mandates digital platforms with over $250m in Australian revenue, such as Meta, ByteDance (TikTok), and Google, to either pay a fixed charge or establish direct deals with news publishers.

    While the government ensures global payments to publishers won’t decrease; smaller publishers could still be disadvantaged if larger platforms negotiate only with major players.

    However, the government will have to develop a distribution mechanism in case any platform opts to pay the charge to the government instead of striking deals with media companies.

    Digital Platforms to pay for Australian News, Bypassing Publisher deals_Image Via_FB_Stephen Jones MP
    Image Via: FB@Stephen Jones MP | Cropped by BH

    The law will be backdated to January 2025, and discussions about the charge level and distribution will take place in 2025. Meta has criticized the proposal, claiming most users don’t visit Facebook for news.

    What government say?

    The News Media Bargaining Code, introduced in 2021, aimed to balance the power dynamics between digital platforms and news publishers. It led to platforms like Meta and Google contributing around $200 million to Australian media, which had been disrupted by the rise of digital platforms.

    This initiative was designed to ensure that news publishers received fair compensation for the content used by tech companies.

    Stephen Jones MP, Australia’s Assistant Treasurer, stated that digital platforms must adhere to Australian law and support the sustainability of journalism. Platforms that continue funding Australian journalism through commercial deals can benefit from significant liability reductions, potentially eliminating the charge entirely.

    Communications Minister Michelle Rowland emphasized the government’s commitment to a diverse media sector for Australia’s democracy. The parliamentary committee recommended a “digital platform levy” to fund public journalism.

    What publishers say?

    News Corp’s Michael Miller stated the initiative would help rebuild after job losses. Executives from Seven West Media and independent publisher Man of Many highlighted the need for fair compensation and support for independent outlets.

    The legislation aims to ensure reliable news on platforms while addressing misinformation and supporting the media industry.

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    The news/article published above has been sourced, compiled, and corroborated by a member of the Britain Herald News Desk Team. If you have any queries or complaints about the published material, please get in touch with us at BritainHerald@Gmail.Com

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