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Benzinga

Google Forges Agreements To Pay Over 300 News Publishers in EU

  • Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google forged deals to pay over 300 publishers in Germany, France, and four other EU countries for their news, Reuters reports.
  • Google will also roll out a tool to make it easier for others to sign up. 
  • The tool offers publishers an extended news preview agreement that allows Google to show snippets and thumbnails for a licensing fee.
  • So far, Google has acknowledged agreements that cover more than 300 national, local, and specialist news publications in Germany, Hungary, France, Austria, the Netherlands, and Ireland, with many more discussions ongoing.
  • Among Google's fiercest critics, news publishers have long urged governments to ensure online platforms pay fair remuneration for their content. 
  • Australia and Canada introduced have similar legislation.
  • Price Action: GOOG shares traded higher by 1.67% at $2,330 in the premarket on the last check Wednesday.