Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023
you are here: HomeNewsBusiness

Google to pay publishers $1 billion over three years for their content

The product, which allows publishers to pick and present their stories, will launch on Google News on Android devices and eventually on Apple devices.

October 02, 2020 / 06:48 PM IST

Alphabet's Google plans to pay $1 billion to publishers globally for their content over the next three years, its CEO said on Thursday, a move that could help it win over a powerful group amid heightened regulatory scrutiny worldwide.

News publishers have long fought the world's most popular internet search engine for compensation for using their content, with European media groups leading the charge.

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.

The product will be rolled out in Belgium, India, the Netherlands and other countries. About 200 publishers in Argentina, Australia, Britain, Brazil, Canada and Germany have signed up to the product.