Google is going to pay a selected group of partnered news publications $1 billion over the next three years to contribute to a new product called "Google News Showcase," CEO Sundar Pichai announced Thursday.
"This approach is distinct from our other news products because it leans on the editorial choices individual publishers make about which stories to show readers and how to present them," Pichai said.Alphabet's Google plans to pay $1 billion to publishers globally for their content over the next three years, its, a move that could help it win over a powerful group amid heightened regulatory scrutiny worldwide.
CEO Sundar Pichai said the new product called Google News Showcase will launch first in Germany, where it has signed up German newspapers including Der Spiegel, Stern, Die Zeit, and in Brazil with Folha de S.Paulo, Band and Infobae. "This financial commitment — our biggest to date — will pay publishers to create and curate high-quality content for a different kind of online news experience," Pichai said in a blog post.
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