Seven West Media finalises media rights deal with Google – what happens now?

Published

3 years ago

May 4, 2021

Australia’s Seven West Media has finalised a deal with both Google that will see the tech giants pay for news content.

The deal with Google will be in place for five years, while Seven is currently awaiting the signature from Facebook for a three-year agreement.

Seven West was among one of the first major Australian media companies to strike an agreement with Google under new media bargaining codes.

The two businesses signed a Letter of Intent back in February.

Seven West Media (ASX:SWM) seals content distribution deals with Google & Facebookhttps://t.co/RmYsRfCRrC pic.twitter.com/BB5MEqUGzn
— Finance News Network (@Finnewsnetwork) May 3, 2021

Similarly, Facebook agreed to a partnership with Seven just days after sensationally removing all news content from the Australian market.

These agreements will see the tech giants now pay to access news content.

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

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

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

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.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

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.