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Australia's New Media Bargaining Plan: Tech Giants vs News Outlets
Description
Australias Labor government unveils new Media Bargaining Incentive plan, aiming to make big tech pay for local news. The proposal involves a levy on tech platforms Australian revenue unless they strike deals with news outlets. The government anticipates generating between $200 million to $250 million annually, directly benefiting newsrooms. However, tech giants like Meta and Google criticize the plan, while media companies support it. The fate of this proposal hinges on upcoming consultations and lobbying efforts.
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