Canada PM Justin Trudeau says tech companies like Meta will now pay outlets for news

The government published final regulations for the Online News Act before enforcement starts on December 19. The law requires technology companies with 20 million unique monthly users and annual revenues of C$1 billion or more to compensate Canadian news outlets for publishing links to their pages.

Reuters
First Published16 Dec 2023
Canada's Prime Minister Justin Trudeau speaks in the House of Commons
Canada’s Prime Minister Justin Trudeau speaks in the House of Commons(REUTERS)

Ottawa will keep pushing Meta to comply with a new law requiring large internet companies to pay Canadian news publishers for their content, Prime Minister Justin Trudeau said on Friday, but the Facebook parent stood by its decision to block news sharing rather than pay.

The government on Friday published final regulations for the Online News Act before enforcement starts on December 19. The law requires technology companies with 20 million unique monthly users and annual revenues of C$1 billion ($748 million) or more to compensate Canadian news outlets for publishing links to their pages.

Alphabet's Google and Meta are the only platforms that fall under those criteria in Canada. Google agreed last month to pay C$100 million annually to news publishers in the country. Meta, in contrast, decided to block news on Facebook and Instagram in Canada to avoid the payments.

"We will continue to push Meta, which makes billions of dollars in profits, even though it is refusing to invest in the journalistic rigor and stability of the media," Trudeau told reporters in Vancouver.

Meta said it will stick to its decision. "News outlets choose to use our free services because it helps their bottom line, and today's release of final regulations does not change our business decision," said Rachel Curran, head of public policy for Meta Canada.

The law, part of a global trend, is designed to address Canadian media industry concerns about declining revenue as internet companies elbow news businesses out of the online advertising market.

Meta started blocking news sharing on Facebook and Instagram in August, saying news holds no economic value for its businesses.

Also Read | Facebook now required to pay for news in Australia, other countries may follow suit: 10 points

Heritage Minister Pascale St-Onge said the Canadian Radio-television and Telecommunications Commission (CRTC) would "pay close attention to Facebook and Meta" as part of its enforcement.

Paul Deegan, CEO of industry body News Media Canada, said the government had delivered a "durable, world-leading framework that is balanced and predictable for both news publishers and platforms," and called on Meta to follow Google's lead.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
HomeNewsworldCanada PM Justin Trudeau says tech companies like Meta will now pay outlets for news

Most Active Stocks

Bharat Electronics

318.15
09:46 AM | 18 JUN 2024
8.6 (2.78%)

Indus Towers

345.55
09:46 AM | 18 JUN 2024
4.75 (1.39%)

Tata Steel

181.00
09:46 AM | 18 JUN 2024
-2.05 (-1.12%)

ICICI Lombard General Insurance Company

1,745.25
09:46 AM | 18 JUN 2024
15.2 (0.88%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Cochin Shipyard

2,316.30
09:36 AM | 18 JUN 2024
194.55 (9.17%)

Phoenix Mills

3,880.50
09:36 AM | 18 JUN 2024
322 (9.05%)

Ramkrishna Forgings

810.20
09:36 AM | 18 JUN 2024
65.3 (8.77%)

Schneider Electric Infrastructure

878.65
09:36 AM | 18 JUN 2024
68.35 (8.44%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,519.00-431.00
    Chennai
    73,806.00646.00
    Delhi
    73,519.00-144.00
    Kolkata
    73,375.00359.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    103.94/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanGet App