Facebook to Pay News Corp for Content in Australia

News Corp has announced that it has signed a three-year content deal with Facebook after new media laws were passed by the Australian government which required tech platforms to pay for local content.

(The agreement) “is a landmark in transforming the terms of trade for journalism, and will have a material and meaningful impact on our Australian news businesses,” said News Corp Chief Executive Officer Robert Thomson.

The deal will mandate Facebook to pay for its News Corp’s Australian content which are The Australian, Sydney’s The Daily Telegraph, Sky News Australia, and Melbourne’s Herald Sun.

Facebook’s head of news partnerships in Australia, Andrew Hunter said that the agreement would be beneficial for their local users. 

The deal ended the stand-off between Facebook and news publishers over revenue.

Facebook has not yet signed an agreement with Nine Entertainment, the ABC, SBS, and smaller independent publishers including Guardian Australia and would need to do so in order to comply with the news media code.

Before Facebook, News Corp has already signed a deal with Google and Apple to provide access to its content.

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