Watch as youtube premium subscriptions and Canada double in price.
Comment on Canada says Google will pay $74 million annually to Canadian news industry under new online law
Substance_P@lemmy.world 6 months ago
Given that Googles estimated annual revenue is between 160 - 180 billion, that 74 million is only 0.04625% (if taken from the lower estimate) I’m sure they would chalk it up to just the price of doing business.
Rakonat@lemmy.world 6 months ago
GigglyBobble@kbin.social 6 months ago
Well, Canada has about 0.5% of the global population and we're only talking news here, not all services. So that fine/fee seems appropriate.
Eggyhead@kbin.social 6 months ago
Well on the flip side, if Google doesn't mind paying that amount, Canada's news industry just gets $74 million more every year than it usually does.
BaroqueInMind@kbin.social 6 months ago
And it will all go straight to their CEOs. None of the people who actually do hard work will see a penny of that.
Heresy_generator@kbin.social 6 months ago
And all they have to do to keep that money flowing is make sure they don't publish anything that might jeopardize Google's dominant market position.