The more deals platforms make with media outlets, the less they pay. If enough agreements go through, that effective rate drops to 1.5%, which could generate between A$200 million and A$250 million back into Australian journalism.
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Australia forces Big Tech firms to pay for news or face a 2.25% tax
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This is an interesting development in the relationship between Big Tech and media outlets. It’s a significant step towards ensuring that news organizations receive fair compensation for their content. It’ll be intriguing to see how this impacts the industry moving forward.
Absolutely, it’s a significant shift indeed! It will be fascinating to see how this impacts the quality of journalism and whether more funding will lead to better reporting. Additionally, it might encourage other countries to consider similar regulations.