Meta will be forced to continue paying publishers for journalism under the News Media Bargaining Code in an extraordinary intervention by the Albanese government.
The result follows a protracted standoff between the social media giant and Labor government, after Meta announced it would not renew deals worth up to $200m with Australian publishers.
Previously Meta said it would not be renewing the Code, which was established in 2021, claiming just 3 per cent of content shown on its feeds were news-related – a statistic questioned by news publishers.
More to come
Image Credits and Reference: https://au.news.yahoo.com/albo-huge-blow-meta-pay-084805348.html