Google to pay publishers $1 billion for news content in next 3 years

The tech behemoth said on Thursday that it has signed agreements for news partnership programmes with 200 publishers in Germany, Brazil, Argentina, Canada, UK and Australia

e4m by exchange4media Staff
Published: Oct 2, 2020 9:13 AM  | 1 min read

Google will be paying $1 billion for news content as part of a partnership programme agreement signed with around 200 publishers in five countries over the next three years. Google CEO Sundar Pichai made the announcement on Thursday through a blog post.

Google has launched News Showcase in Brazil and Germany, comprising story panels where publishers can present news with features like timelines. It will first appear on Android Google News after which it will be rolled out on Apple iOS.

The plan to disburse $1 billion to news publishers builds on Google's news licensing programme launched in June. It was a move to mend its equation with the news industry, which blamed Google and Facebook for taking the larger share of the ad revenue from news content.

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