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

By Lucy Craymer

WELLINGTON (Reuters) – The New Zealand authorities mentioned it’ll introduce a regulation that can require massive on-line digital corporations akin to 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 can be modelled on comparable legal guidelines in Australia and Canada and he hoped it will act as an incentive for the digital platforms to succeed in offers with native information shops.

“New Zealand information media, significantly 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 Get together’s majority is anticipated to cross it.

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