For using the news publishers’ original content, large digital corporations like Google and Facebook may soon need to pay a fee. Indian government is thinking to impose regulations on tech giants that works in the content industry. The companies are Google, Meta, Microsoft, Apple, Twitter, and Amazon.
For employing their original content, tech giants need to pay an amount from the profits to the Indian news providers. Countries like Australia, Canada, France, and Spain have already began the procedure.
Big tech companies put Indian media companies at a disadvantage
Rajeev Chandrasekhar, the Minister of state for IT and electronics said that the government is currently considering amending the IT laws to deal with the changes.
“A serious issue that arises is in the context of new legalizations and norms. It is now being wielded by the Big Tech firms, which disadvantages Indian media companies.”
Chandrashekhar continued by saying that the expansion of social media and internet platforms in India didn’t benefit the original content creators. The statement holds a lot of importance because tech giants do not give a cut of the profits to the content writers. Also the press publishers do not hold negotiating power. Hence, there is a need to address this issue through legislation. For everyone, this is a crucial matter, he declared.
Last year, Chandrasekhar had stated that there are no intentions to charge the major IT companies for local news.
Australia is the first nation to require major digital firms to pay for unique content
Australia passed a new media law earlier this year asking large digital companies to pay for local news. Following a disagreement with the government over paying for material, Facebook disabled news items in Australia just before the new law took effect. Facebook’s decision to exclude news content in Australia was termed “arrogant” and “disappointing” by Prime Minister Scott Morrison.
Canada also comes forward to implement this law
The Canadian government also put up the law proposal in May 2022. They decided to ensure equity in the revenue-sharing between online news publishers and social media giants.
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