European media wants Google, Facebook to share more revenue with publishers – Femtoptech

European media wants Google, Facebook to share more revenue with publishers

September 4, 2018
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The European Media wants to put more money in the pockets of publishers, which is why they have accused internet giants Google and Facebook of getting news for free from content creators. This is according to a statement made by Europes biggest news agencies, urging Google and Facebook to share more of their revenues with the media.

The column was signed by the CEOs of 20 agencies including France’s Agence France-Presse, Britain’s Press Association, and Germany’s Deutsche Presse-Agentur. The agencies appealed to the European Parliament to update copyright law in the EU to help address a “grotesque imbalance”.

A section of the column said,

“The internet giants’ plundering of the news media’s content and of their advertising revenue poses a threat both to consumers and to democracy”

To act on this column, European Parliament lawmakers will debate a new copyright law this month that would force the internet giants to pay more for creative content used on their platforms such as news, music or movies.

A previous attempt was rejected, and the reason cited is that the move might lead to a higher cost for consumers. Concerning that, the column went further to say,

“Can the titans of the internet compensate the media without asking people to pay for access to the internet, as they claim they would be forced to? The answer is clearly ‘yes’,”

The agencies believe that Google and Facebook are capable of paying for the contents they used looking at there revenue. Facebook reported revenues of $40 billion (34 billion euros) in 2017 and profits of $16 billion, while Google made $12.7 billion on sales of $110 billion.

“Who could reasonably argue that they are not in a position to make fair payment for the content they use? What we are really talking about is introducing a fair payment by those who have ripped off the news. For the sake of Europe’s free press and democratic values, EU lawmakers should press ahead with copyright reform.”

Looking at the law closely, it is in two ways. The first is Article 13, which would make platforms like Google-owned YouTube legally liable for copyrighted material to prevent content producers from seeing their work posted without pay.

The second is Article 11, which would create a so-called “neighbouring right”, this means that whenever Google or Facebook or others link to your website, they will pay for your content.

“Without paying for it, internet giants such as Google and Facebook use vast quantities of news that is produced at great cost by press publishers and news agencies”

Another effect of the law is that it will restrict the usage of memes and remixes by everyday internet users who often use content without securing the rights.

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