Ottawa reaches deal with Google over controversial Online News Act – Yahoo Canada Finance
OTTAWA — The federal Liberal government has reached a deal with Google over the Online News Act, following threats from the digital giant that it would remove news from its search platform in Canada.
A government official confirmed that news to The Canadian Press under condition of anonymity, because they were not authorized to speak publicly about the deal.
CBC News is reporting, citing an unnamed source, that the agreement would see Canadian news continue to be shared on Google’s platforms in return for the company making annual payments to news companies in the range of $100 million.
A formula in the government’s draft regulations for the bill would have seen Google contributing up to $172 million to news organizations — but Google had said it was expecting a figure closer to $100 million based on a previous estimate.
The legislation, which comes into effect at the end of the year, requires tech giants to enter into agreements with news publishers to pay them for news content…
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source: https://news.oneseocompany.com/2023/11/29/ottawa-reaches-deal-with-google-over-controversial-online-news-act-yahoo-canada-finance_2023112953133.html
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