warns

Australian competition watchdog warns Google, Facebook laws are just the start

By Jane Wardell



a sign on the side of a building: FILE PHOTO: A sign is pictured outs a Google offcie near the company's headquarters in Mountain View, California


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FILE PHOTO: A sign is pictured outs a Google offcie near the company’s headquarters in Mountain View, California

SYDNEY (Reuters) – Australia’s competition regulator has warned that planned laws to make the country the first in the world to force Google and Facebook to pay for news content were likely just the start of more regulation for digital platforms.

The Australian government announced legislation last month after an investigation it said showed the tech giants held too much market power in the media industry, a situation it said posed a potential threat to a well-functioning democracy.

Under the code, Google and Facebook will be subject to mandatory price arbitration if a commercial agreement on payment for Australian media cannot be reached.



a man standing in front of a computer: FILE PHOTO: Attendees walk past a Facebook logo during Facebook Inc's F8 developers conference in San Jose


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FILE PHOTO: Attendees walk past a Facebook logo during Facebook Inc’s F8 developers conference in San Jose

“This bargaining code

Australian opposition watchdog warns Google, Fb guidelines are just the commence

By Jane Wardell



a sign on the side of a building: FILE PHOTO: A sign is pictured outs a Google offcie near the company's headquarters in Mountain View, California


© Reuters/Reuters Employees
FILE Image: A indication is pictured outs a Google offcie close to the firm’s headquarters in Mountain View, California

SYDNEY (Reuters) – Australia’s levels of competition regulator has warned that prepared legislation to make the region the very first in the planet to pressure Google and Facebook to spend for information written content have been most likely just the get started of extra regulation for digital platforms.

The Australian govt introduced legislation previous thirty day period right after an investigation it explained showed the tech giants held also significantly sector energy in the media field, a situation it said posed a possible threat to a effectively-functioning democracy.

Beneath the code, Google and Facebook will be subject to required cost arbitration if a industrial settlement on payment for Australian media cannot be achieved.



a man standing in front of a computer: FILE PHOTO: Attendees walk past a Facebook logo during Facebook Inc's F8 developers conference in San Jose


© Reuters/STEPHEN LAM
FILE Photograph: Attendees walk past a Fb symbol for