Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Facebook and Google could soon pay for news in New Zealand

Published

on

New Zealand officials are seeking to pull digital media providers into line when it comes to paying for news

Digital companies like Google and Meta could begin paying media companies in New Zealand under a new scheme designed to protect local content publishers.

Lawmakers in Wellington will vote on the bill, where Prime Minister Jacinda Ardern’s Government is expected to pass it.

Willie Jackson is the Minister of Broadcasting, who said news outlets will benefit from deals reached with digital platforms.

“New Zealand news media, particularly small regional and community newspapers, are struggling to remain financially viable as more advertising moves online.”

The legislation is based on similar laws already passed in Canada and Australia.

“It is critical that those benefiting from their news content actually pay for it,” Mr Jackson said.

The Australian Government introduced the News Media Bargaining Code in 2021, which has led to 30 deals between media outlets and tech firms.

It allows lawmakers to step in when tech companies are negotiating content deals with local media outlets.

The Treasury Department recently found the “agreements have enabled news businesses to, in particular, employ additional journalists and make other valuable investments to assist their operations.”

The agreements are based on how often content is clicked, which ultimately leads to advertising revenue.

Google has cemented agreements with Nine Entertainment and Seven West Media, which are scheduled to run for five years.

Meanwhile, Meta has reportedly reached commercial agreements with 13 news businesses.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Continue Reading

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

on

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Continue Reading

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

on

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Continue Reading

Money

Netflix expands use of ads despite slow subscriber growth

Published

on

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

Continue Reading

Trending Now