Canada says Google will pay $74 million annually to Canadian news industry under new online law

Source: Associated Press

Canada says Google will pay $74 million annually to Canadian news industry under new online law

BY ROB GILLIES
Updated 2:21 PM EST, November 29, 2023

TORONTO (AP) — Canada’s government said Wednesday it reached a deal with Google for the company to contribute $100 million (US $74 million) annually to the country’s news industry to comply with a new Canadian law requiring tech companies to pay publishers for their content.

The agreement removes a threat by Google to block the ability to search for Canadian news on Google in Canada. Facebook and Instagram parent company Meta already has been blocking Canadian news since earlier this year.

Pascale St-Onge, the minister of Canadian heritage, said that Google will contribute $100 million Canadian (US$74 million) — indexed to inflation — in financial support annually for a wide range of news businesses across the country.

“It’s good for the news sector. If there is a better deal struck elsewhere in the world, Canada reserves the right to reopen the regulation,” St-Onge said at a news conference.

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Read more: https://apnews.com/article/google-news-canada-0c12334603bad9d150e6a7ade7002eb1