The number of partnerships huge tech corporations must negotiate with local news outlets will be increased under an overhaul of Australia’s media licensing regulations, which will be submitted to parliament on Thursday, according to the government. The legislation would also transfer advertising revenue to more domestic publications.
The reforms also require the government to donate 5% of the cash earned thru the system to the Australian Associated Press (AAP), a once industry-owned newswire service that is now administered as a non-profit. Changes announced following conversations between the administration and the opposition would also require digital platforms to sign agreements with at least eight media businesses, up from six in the previous draft.
The government reinstated a cap of 25% of a platform’s levy liability, equivalent to 2.5% of a company’s Australian advertising revenue. The amount paid is offset by the value of the deals struck. Communications Minister Anika Wells stated that the distribution scheme was changed to better support smaller and diverse media organizations. The reforms also require the government to donate part of the cash earned through the system to the Australian Associated Press a once industry-owned newswire service that is now administered as a non-profit.
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