Google has Pay German Content Creators €3.2 million Annually to Publish their Works on its News Search Engine.
Oct 16, 2023 | By Team SR
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
trumpet funding news – London-based trumpet Secures $6.35 Million in Seed Funding
Team SR
Aug 16, 2024
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
Aignostics funding news – Berlin-based Aignostics Raises €31.4 Million in Series B Round Funding
Kailee Rainse Oct 29, 2024