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.
Canada says Google will pay $74 million annually to Canadian news industry under new online law
Submitted 11 months ago by throws_lemy@lemmy.nz to technology@lemmy.world
Comments
Substance_P@lemmy.world 11 months ago
Eggyhead@kbin.social 11 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 11 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 11 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.
Rakonat@lemmy.world 11 months ago
Watch as youtube premium subscriptions and Canada double in price.
GigglyBobble@kbin.social 11 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.
FlavoredButtHair@lemmy.world 11 months ago
So now Google has to pay a subscription to Canada?
sic_semper_tyrannis@feddit.ch 11 months ago
The next evolution of subscription services hahaha
Zrybew@lemmy.world 11 months ago
Not enough
dan1101@lemm.ee 11 months ago
If Google is just publishing headlines and directing traffic to news sites it seems like too much.
Siegfried@lemmy.world 11 months ago
The problem could be that people are just reading the headlines, ergo, not accounting views on the news sites.
I don’t know how the situation looks in Canada, but here news are so undermined at this point that news sites have become gigantic clickbait farms.
Heresy_generator@kbin.social 11 months ago
So now Canadian news outlets are partners with Google and they have a significant revenue stream that depends on Google's continued success. If you thought you saw a lot of big-tech cheerleading out of the media before just you wait; we're in a whole new era.
Potatos_are_not_friends@lemmy.world 11 months ago
Firefox in a nutshell.
They get so much money from Google, that they can’t risk doing things “too” well.
Uranium3006@kbin.social 11 months ago
This is extortion
craftymansamcf@lemmy.world 11 months ago
Extortion is when corporations have to pay for the services they consume
Uranium3006@kbin.social 11 months ago
What services?
kirklennon@kbin.social 11 months ago
What a disgrace. This law is hostile to the basic principles of an open web; Google should have refused like Meta is.
DogMuffins@discuss.tchncs.de 11 months ago
No it’s not.
The “open” Web desperately needs good quality journalism.
Zak@lemmy.world 11 months ago
I agree that the decline of journalistic quality is bad for the world and would like a mechanism to improve it, but I have yet to read a convincing argument for why anyone should have to pay a fee to link to a news article. I could see an argument for reducing the amount of the content that can be republished as a preview under fair use, but nobody seems to want that.
pajn@lemmy.blahaj.zone 11 months ago
Having to pay to even link to news articles will only accelerate the downfall of journalism though. Instead of paying, why not just link to an AI generated article instead? Much needs to be done to save good journalism but this law is a massive step in the exact opposite direction
sfgifz@lemmy.world 11 months ago
What’s stopping you from directly visiting those sites if you want to view their content?
drmoose@lemmy.world 11 months ago
I agree with OP. This law is a disgrace and I don’t understand how people here on open fediverse can support it. It breaks the open web model and allows mega corporations to double dip - their content is public but only when they want it to be. So they want the advantages of public web without bearing the costs.
Disregard that this is Google. It sets precedent for all web and its as bad as other anti open web laws we hate.
systemglitch@lemmy.world 11 months ago
Disingenuous.
kandoh@reddthat.com 11 months ago
I think they’re more concerned about having their culture merged entirely with the United States.
kirklennon@kbin.social 11 months ago
So just start a government subsidy program for news, and increase corporate taxes. That would at least be honest. The lie that this is somehow compensation for something of value is the part that I can't abide. There's not even any advertising on Google News. It's literally just linking out to news articles. If you search for news topics, you usually won't find any paid links on that either. People bid on search terms related to stuff people might buy, not on hard news topics.