The Australian government has passed a new law requiring Google and Facebook to negotiate with news outlets to pay for their content or face arbitration.
“This is a significant milestone,” said Josh Frydenberg, the Liberal party’s deputy leader who spearheaded the new law. “This legislation will help level the playing field & see Australian news media businesses paid for generating original content.” The Australian Competition and Consumer Commission (ACCC) says the law will address “a significant bargaining power imbalance between Australian news media businesses and Google and Facebook.”
The new code has seen fierce opposition from the two tech giants. The most vocal of the two has been…