AI, not news bargaining, is a bigger battle with big tech
Australian Prime Minister Anthony Albanese unveiled Labor's draft News Media Bargaining Incentive laws, which include a 2.25% levy on tech giants' Australian revenue if they don't negotiate commercial agreements with media organisations. The announcement comes after Meta walked away from deals with Australian media companies under the previous government's News Media Bargaining Code.
Prime Minister Anthony Albanese unveiled Labor's draft News Media Bargaining Incentive laws in Canberra on Tuesday. The laws include a 2.25% levy on the Australian revenue of tech giants that don't negotiate commercial agreements with media organisations to pay for journalism on their platforms. The levy will be entirely offset if tech giants negotiate these agreements. The announcement comes more than two years after Meta walked away from deals with Australian media companies under the Morrison government's News Media Bargaining Code.
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