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