Canada plans to force internet giants to compensate Canadian media | NHK WORLD-JAPAN News ...Middle East

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Canada plans to force internet giants to compensate Canadian media | NHK WORLD-JAPAN News
The Canadian government unveiled on Friday a draft plan to implement a newly enacted law to require internet giants to pay compensation to the country’s media. Canada’s parliament passed the Online News Act in June, which is designed to protect domestic media outlets. Bloomberg reported that Meta, the parent company of Facebook and Instagram, and Google will be obliged to pay at least 4 percent of their annual revenues in Canada when they post links to Canadian news on their platforms. Estimates by the Canadian government show that Facebook is expected to pay 62 million Canadian dollars, or about 46 million US dollars, per year and Google to pay 172 million Canadian dollars, or about 126 m

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