A few days ago, according to the NHK website of Japan, the US IT giant Google announced on October 1 that it has established cooperative relations with about 200 reporting organizations around the world and will start a new news push service named Google News showcase. In the next three years, Google will pay 1 billion US dollars (about 6.7 billion yuan) for the use of news articles for this service.
The new product, called Google News showcase, will be launched in Germany first, according to overseas.com. Google has signed up with German newspapers such as Der Spiegel, stern and Der Spiegel, while in Brazil, it has signed up with Sao Paulouff08 FolhadeS.Paulo uff09u300b, band and infobae.
At the same time, the product will also be launched in Belgium, India, the Netherlands and other countries. About 200 publishers in Argentina, Australia, the UK, Brazil, Canada and Germany have also signed up to Googles product.
This project promises to pay publishers, and its our biggest financial project to date to create and plan high-quality content for different online news services, Mr. picchay said in a blog post
Googles parent company, alphabet, had a net profit of $34.3 billion last year and revenue of nearly $162 billion.
Google in the field of Internet search engine services, occupies an overwhelming market share, advertising revenue is huge. Recently, many reporting agencies have asked Google to pay for news usage fees.
According to external analysis, Google hopes to eliminate the dissatisfaction of news reporting agencies by paying royalties, and at the same time, respond to domestic criticism that it uses monopoly to hinder market competition.
Google is in talks with French publishers, one of its most critical publishers, while Australia wants to force Google and Facebook to share advertising revenue with local media groups.
In July, the Australian Competition and Consumer Commission (ACCC) enacted a draft mandatory regulation requiring technology giants to pay for the use of news content, which is still awaiting approval.
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Source: Wang Fengzhi, editor in charge of daily economic news_ NT2541