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What will be the total fines imposed on tech giants by Australia for not paying for news by end of 2025?
3
Resolution / Starting Odds
Less than A$100 million • 25%
A$100 million to A$250 million • 25%
A$250 million to A$500 million • 25%
More than A$500 million • 25%
Official Australian government financial reports or announcements
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.
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All comply • 25%
None comply • 25%
Legal challenges • 25%
Some comply • 25%
Yes • 50%
No • 50%
Decrease • 25%
No change • 25%
Moderate increase • 25%
Significant increase • 25%
Google • 25%
None by deadline • 25%
TikTok • 25%
Meta • 25%
Snapchat • 25%
TikTok • 25%
Instagram • 25%
Facebook • 25%
3 or more companies • 25%
0 companies • 25%
1 company • 25%
2 companies • 25%
Legal challenge • 25%
Full compliance • 25%
Partial compliance • 25%
Non-compliance • 25%
Neither complies • 25%
Both comply • 25%
Only Meta complies • 25%
Only Google complies • 25%
Yes • 50%
No • 50%
Google • 33%
Meta • 33%
Both equally • 34%