SAWT BEIRUT INTERNATIONAL

| 21 June 2021, Monday | النسخة العربية

Facebook signs agreements with 3 more Australian media firms

Facebook Inc says it has signed preliminary deals with three Australian media firms, a day after the country’s Parliament passed a law forcing it to pay media companies for using content on its platform.

Facebook said it signed partnership agreements with Private Media, which owns online magazines, Schwartz Media and Solstice Media. Commercial agreements will become effective within 60 days if full deals are signed.

“These agreements will bring a new slate of premium journalism, including some previously paywalled content, to Facebook,” the social media company said in a statement.

It did not disclose the financial details of the deal.

Facebook on Tuesday struck a similar agreement with Seven West Media, which owns a free-to-air television network and the main metropolitan newspaper in the city of Perth.

Australia on Thursday became the first nation to pass a law in which a government arbitrator can set the price. Alphabet Inc’s Google and Facebook would pay domestic media for using their content if private talks fail.

Facebook blocked all news content in Australia a week ago, citing concerns with the rules but on Thursday restored all news feeds after reaching an agreement with the government.

For months, Facebook and Google threatened to pull core services from Australia if the law took effect but Google struck some deals with publishers in the days before the vote.

The law was passed after a last-gasp deal that watered down binding rules Facebook and Google had fiercely opposed.