News Media and Digital Platforms Mandatory Bargaining Code Passed By Australia

The legislation mainly targets Facebook and Google.

News Media and Digital Platforms Mandatory Bargaining Code Passed By Australia

26 February 2021 Current Affairs:The Australian Parliament passed a landmark legislation called the News Media and Digital Platforms Mandatory Bargaining Code on February 25, 2021.
Highlights:
♦ The regulation requires global digital platforms to pay for publishing Australian news content on their respective platforms.
♦ The legislation mainly targets Facebook and Google.
♦ The law is easy to pass, and the tech giants (Facebook and Google) signed an agreement with the government to pay Australian news organizations.
♦ The agreement was signed to avoid the mandatory bargaining rules under the new regulations.
♦ This legislation will ensure that news companies “are fairly paid for their content” It will also help maintain “public interest news” in the country.
 

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