Google says 'not up to us' to dictate how news companies spend its US$1 billion

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Alphabet Inc's Google has reached licensing deals with over 600 news outlets around the world and is seeing a 'huge increase' in users requesting ...

Alphabet Inc's Google has reached licensing deals with over 600 news outlets around the world and is seeing a"huge increase" in users requesting more content from specific publications as part of a new program, it said on Wednesday.

The update comes as big internet service providers including Facebook Inc have been locked in bitter disputes over fair compensation to publishers.Google is continuing to negotiate with additional publishers, including in the Unites States, to spend US$1 billion for what it calls News Showcase. Users can"follow" publishers to get more panels from them. Publishers including The Financial Times and The Canberra Times collectively are generating 7,000 panels per day and users have registered 200,000 follows, Google plans to announce.

Over time, Google hopes publishers can turn followers into paying subscribers or get a sales boost from increased viewership of ad-supported content.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kanye West sneakers shatter sale records at US$1.8mNEW YORK — A pair of Nike Air Yeezy 1s worn by rapper Kanye West sold for US$1.8 million (S$2.4 million), triple the previous record for sneakers, auction house Sotheby's said Monday, as the market for rare sports shoes soars.
Source: TODAYonline - 🏆 1. / 99 Read more »