Australia plans law forcing Google, Facebook to share ad revenue
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Thursday
February 09, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
THURSDAY, FEBRUARY 09, 2023
Australia plans law forcing Google, Facebook to share ad revenue

Global Economy

Reuters
20 April, 2020, 09:00 am
Last modified: 20 April, 2020, 09:06 am

Related News

  • US, UK and Australia carry out China-focused air drills
  • Australia to remove Chinese-made cameras from defence sites
  • Google unveils ChatGPT rival Bard, AI search plans in battle with Microsoft
  • Australia PM pushes for bipartisan support on Indigenous referendum
  • Google will join the AI wars, pitting LaMDA against ChatGPT

Australia plans law forcing Google, Facebook to share ad revenue

Facebook expressed dismay and Google said it would continue to cooperate with plans for the media code of conduct

Reuters
20 April, 2020, 09:00 am
Last modified: 20 April, 2020, 09:06 am
Australia plans law forcing Google, Facebook to share ad revenue

Australia will pass legislation within months obliging Facebook Inc and Alphabet Inc's Google to share advertising revenue with local media firms, the country's treasurer said on Monday, becoming one of the first countries to require digital platforms to pay for content they use.

Treasurer Josh Frydenberg said in a statement the move comes after talks with Facebook and Alphabet failed to yield a voluntary code to address complaints by domestic media players that the tech giants have too tight a grip on advertising, their main source of income.

"On the fundamental issue of payment for content, which the code was seeking to resolve, there was no meaningful progress," the treasurer said in a separate opinion piece in The Australian newspaper.

Australia's online advertising market is worth about worth almost A$9 billion ($5.72 billion) a year and has grown more than eight-fold since 2005, Frydenberg wrote. For every A$100 spent on online advertising in Australia, excluding classifieds, nearly a third goes to Google and Facebook.

Last December, Australia said Google and Facebook would have to agree to new rules to ensure they do not abuse their market power and damage competition, or the government would impose new controls.

On Monday Frydenberg said the government has now asked the country's competition watchdog, the Australian Competition and Consumer Commission (ACCC) to develop a mandatory code of conduct between media outlets and digital platforms.

The initial plan to come up a voluntary code by November has been scrapped, Frydenberg said. The ACCC will submit its draft mandatory code by July, to be passed into legislation shortly thereafter, he said.

"The problem with that is that some of that information they are providing consumers for free has come from people who have invested a lot of money in journalism and the case of media to provide that content," ACCC Chairman Rod Sims told the Australian Broadcasting Corporation.

Facebook expressed dismay at the government move on Monday.

"We're disappointed by the government's announcement, especially as we've worked hard to meet their agreed deadline," Facebook said.

"We've invested millions of dollars locally to support Australian publishers through content arrangements, partnerships and training for the industry," Facebook Australia and New Zealand Managing Director Will Easton said in an emailed statement.

Google said it would continue to cooperate with plans for the media code of conduct.

"We have sought to work constructively with industry, the ACCC and government to develop a code of conduct, and we will continue to do so in the revised process set out by the Government today," a Google spokesperson said.

Monday's move also comes as the new coronavirus pandemic hits Australia's media business hard, with several regional outlets reporting steep declines in advertising revenue.

Pending the new code, the federal government last week unveiled a support package for the local media businesses including a 12-month waiver of spectrum tax for commercial television and radio broadcasters, and a A$50 million public interest news gathering programme.

World+Biz / Top News

Facebook / Facebook Inc / google / Google Inc / australia / Ad revenue

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: PID
    Dhaka will see different rail connectivity by 2030: PM
  • Bangladesh to publish quarterly GDP data before IMF deadline
    Bangladesh to publish quarterly GDP data before IMF deadline
  • File photo
    Stock selloff sharpens in the second half

MOST VIEWED

  • FILE PHOTO: The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave/File Photo
    Adani stocks slip after 2 days of gains as MSCI to review free float status
  • Oil pumping jacks in an oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia.Source: Bloomberg
    Oil settles up for third day as interest rate concerns ease
  • U.S. President Joe Biden makes a statement about the U.S. midterm elections during his visit in Phnom Penh, Cambodia November 13, 2022. REUTERS/Kevin Lamarque
    Biden says he sees no recession in 2023 or 2024
  • An electronic stock quotation board is displayed inside a conference hall in Tokyo, Japan November 1, 2021. REUTERS/Issei Kato
    Asian shares track Wall Street lower amid chorus of Fed speakers
  • People walk by the JP Morgan & Chase Co. building in New York in an October 24, 2013 file photo. REUTERS/Eric Thayer/Files
    JPMorgan lays off hundreds of mortgage employees
  • Container ships are berthed at the Port of Belfast, Northern Ireland January 2, 2021. REUTERS/Phil Noble
    Britain and the EU remain in talks over N Ireland trade rules

Related News

  • US, UK and Australia carry out China-focused air drills
  • Australia to remove Chinese-made cameras from defence sites
  • Google unveils ChatGPT rival Bard, AI search plans in battle with Microsoft
  • Australia PM pushes for bipartisan support on Indigenous referendum
  • Google will join the AI wars, pitting LaMDA against ChatGPT

Features

Google’s investment bodes well for Ireland’s economy.Photographer: Hollie Adams/Bloomberg

Layoffs alone won’t solve tech's problems

1h | Panorama
Mirsarai Autism Centre has been established to facilitate 7,000 disabled, autistic children at a distant village of Mirsarai upazila. Photo Minhaj Uddin

Children are everyone's business

5h | Panorama
Caption1: One of Shaker Ibne Amin’s earliest and most favourite builds which he calls the ‘Soul’. Photo: Saikat Roy

3Monkey Custom Builds: Building custom bicycles in Bangladesh

4h | Wheels
Chinese automobile manufacturers dominate the 2023 Dhaka Motor Fest

Chinese automobile manufacturers dominate the 2023 Dhaka Motor Fest

3h | Wheels

More Videos from TBS

Ekushey book fair to see fewer releases this year

Ekushey book fair to see fewer releases this year

2h | TBS Stories
Sirajdikhan's delicious Patkhir is also in demand abroad

Sirajdikhan's delicious Patkhir is also in demand abroad

3h | TBS Stories
LeBron James NBA's all-time highest scorer

LeBron James NBA's all-time highest scorer

3h | TBS SPORTS
Turkaslan's fate is the contrast of Atsu's

Turkaslan's fate is the contrast of Atsu's

3h | TBS SPORTS

Most Read

1
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

2
Master plan for futuristic Chattogram city in the making
Districts

Master plan for futuristic Chattogram city in the making

3
Photo: Collected
Crime

Prime Distribution MD Mamun arrested in fraud case

4
Maqsuda Begum made new executive director of Bangladesh Bank
Banking

Maqsuda Begum made new executive director of Bangladesh Bank

5
Photo: Rajib Dhar/TBS
Bangladesh

HSC results to be published Wednesday

6
30% companies see double-digit growth even in hard times
Economy

30% companies see double-digit growth even in hard times

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]