Google and News Corp sign global multi-year licensing deal
Tech giant Google and Murdoch-owned media conglomerate News Corp on Wednesday announced a three-year licensing agreement, ending years of dispute over payment for news content.
"The landmark three-year agreement also includes the development of a subscription platform, the sharing of ad revenue via Google's ad technology services, the cultivation of audio journalism and meaningful investments in innovative video journalism by YouTube," News Corp said in a statement.
Google and Facebook have been at odds with press publishers for years in Europe and more recently in Australia over payment for news. Google recently announced a series of agreements with media companies in countries including France, Germany and the U.K., signaling a truce of sorts with major press publishers such as Le Monde and the Financial Times.
