Australia passes law making Facebook, Google pay for news

Sydney: Australia’s parliament passed landmark legislation on Thursday requiring global technology giants to pay for the news content shared on their platforms, in a move that is being closely watched around the world.

The law was passed after a last-gasp deal that watered down binding rules Facebook and Google had fiercely opposed and which last week prompted Facebook to remove all news from its Australian platform.

Google will now pay for news content that appears on its Showcase product and Facebook is expected to pay providers who appear on its News product, which is to be rolled out in Australia later this year.