Technology News:In a bid to expand Google’s News Showcase, Google has signed deals with over 600 online publishing companies’ worth of $1 billion. The news comes as last month, Google and Facebook were in a tussle with Australian government that blamed tech companies siphoning off advertisers from publishing companies.
So, in order to not let another dispute, come up and to compensate publishing companies for using their content. As per the deals signed with the companies, the publishers will have to provide Google with a specific number of contents per day, for which they will receive payments accordingly.
The publishers’ contents will be arranged by the staff journalists of the publishers themselves. The arranged panels will then appear in Google’s News and Discover apps. Users as usual, will be let to follow for more and more panels from the same publishers. Over time, publishers can turn followers into paid followers, if the followers wish.
Publishers like Financial Times and Canberra Times create as many as 7,000 panels per day and have registered 2,00,000 follows till now. Reuters pays individual publishers in France as much as $13 million to Le Monde to $13,000 to La Voix de la Harte Marne, a French local publisher.
For now, Google News Showcase will remain a part of Google News and Discover and will soon be launched as an independent product in Play Store and iOS. Users from Italy, Germany, Brazil, U.K and Argentina can see content from News Showcase already.