Germany

Google has Pay German Content Creators €3.2 million Annually to Publish their Works on its News Search Engine.

Oct 16, 2023 | By Startup Rise EU

Google has decided to pay German content creators €3.2 million annually to publish their works on its News search engine.In anticipation of a decision by the German Patent and Trademark Office (DPMA), which will decide the ultimate (and potentially higher) sum, the payment is part of an interim arrangement between the tech giant and Corint Media.

Google has decided to pay German content creators €3.2 million annually to publish their works on its News search engine.In anticipation of a decision by the German Patent and Trademark Office (DPMA), which will decide the ultimate (and potentially higher) sum, the payment is part of an interim arrangement between the tech giant and Corint Media.

Axel Springer, Al Jazzeera, France 24, and CNBC Europe are merely a few of the more than 500 German and globally media firms whose rights are represented by the European corporation Corint Media. The business has long contested Google's "illegal" usage of news articles without providing any sort of payment.

Read also - French SaaS Firm, Scnd” Raises €4 million in Funding

RECOMMENDED FOR YOU

recomd
Recent Articles
Funding Wrap of the Week | European Startups Funding Roundup | January 21–26
Startup Rise EU
Jan 27, 2024
recomd
Funding
[Funding alert] Munich-based Floy Secures €5.4 Million in Seed Round Funding
Startup Rise EU
Nov 24, 2023
recomd
Funding
[Funding alert] London-based Plumm Secures £2.2M Funding
Startup Rise EU
Nov 21, 2023

Corint Media said it is now convinced that the DPMA's decision will end in a "significantly" bigger amount than the preliminary agreement of €3.2mn, having earlier requested a €420mn payment for the news content used in 2022.

Read also - Finnish AI Governance Startup Saidot Raises €1.75M Seed Round Funding

According to a statement by Google, the payments to Corint Media are in keeping with the terms of previous contracts we have with 470 regional and national media in Germany. German publications Zeit and Spiegel belong to its current agreements for licensing.

Read also - German Climatetech Startup Purpose Green Raises €3.3 million in Funding

According to her, the agreement shows that, "if there is an elevated level of solidarity, even a part of the press industry may be successful in protecting itself against Google's dominant commercial methods. These efforts should and will help other publishers if they are effective.

Read also - Ukraine-based Product Development Company Trinetix Raises $10 million in Funding

Recommended Stories for You

story
Recent Articles

FL-based ResultsCX Acquired Huntswood

Startup Rise EU Feb 17, 2024

story
Funding

[Funding alert] London-based Tangent Raises €1 Million Pre-Seed Funding

Startup Rise EU Apr 18, 2024

story
Funding

StructureFlow funding news – Data Visualisation Platform StructureFlow Secures $6Million in Series A Round Funding

Startup Rise EU May 31, 2024

story
Estonia

[Funding alert] Estonian logistics Platform MyDello Raises €1.25 Million in Seed Funding

Startup Rise EU Oct 10, 2023

story
Funding

RivalSense funding news – Market Intelligence Platform RivalSense Secures an Angel Round Investment

Startup Rise EU Jun 6, 2024

story
Recent Articles

Funding Wrap of the Week | European Startups Funding Roundup | Feb 18 – Feb 23

Startup Rise EU Feb 24, 2024