Market
Which tech giant will first reach a revenue-sharing deal with Australian publishers by end of 2024?
3
Resolution / Starting Odds
Meta • 25%
Google • 25%
Amazon • 25%
Other • 25%
Official announcements from involved tech companies or Australian publishers
Story
Australia to Fine Tech Giants Over A$250M for Not Paying for News
Dec 12, 2024, 03:43 PM
The Australian government has announced plans to introduce new regulations that would impose significant fines on large digital platforms, including Meta and Google, if they fail to compensate local media companies for news content hosted on their platforms. This move aims to address the imbalance in bargaining power between digital giants and news publishers, ensuring that quality journalism is supported amidst declining advertising revenues. The proposed tax would apply to tech companies earning over A$250 million in Australia, incentivizing them to reach revenue-sharing agreements with local news outlets. The initiative follows Meta's decision earlier in the year to not renew its three-year deals with Australian publishers, prompting the government to act to safeguard the future of public interest journalism and bolster democratic processes.
View original story
Similar markets
Meta • 25%
None by deadline • 25%
TikTok • 25%
Google • 25%
Google • 33%
Meta • 33%
Neither by deadline • 34%
Some comply • 25%
All comply • 25%
Legal challenges • 25%
None comply • 25%
No change • 25%
Significant increase • 25%
Decrease • 25%
Moderate increase • 25%
Yes • 50%
No • 50%
Only Meta complies • 25%
Both comply • 25%
Only Google complies • 25%
Neither complies • 25%
Non-compliance • 25%
Full compliance • 25%
Partial compliance • 25%
Legal challenge • 25%
No • 50%
Yes • 50%
Blocking news content • 25%
Legal challenges • 25%
No action taken • 25%
Similar payment agreements • 25%