Wednesday, October 27 2021

Reuters

Facebook wraps up deals with Australian media firms, TV broadcaster SBS excluded

SYDNEY (Reuters) -Facebook Inc has told Australian publishers it has stopped negotiating licensing deals, an email to the industry seen by Reuters showed, a move which came just six months after the passing of a law designed to make tech giants pay for news content. While Facebook has announced deals with most of the country’s largest news outlets, some companies including TV broadcaster SBS and smaller publishers have been left out in the cold, raising questions about the scope and effectiveness of the ground-breaking law. Facebook’s regional head of news partnerships, Andrew Hunter, said in an August email to publishers it had “now concluded” deals where it would pay Australian companies for content on its just-launched “Facebook News” channel.

Source: Yahoo Sports

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