European Union lawmakers may force Big Tech companies to pay for news content aggregated by their platforms.
The idea echoes an Australian proposal, which has seen harsh pushback from companies such as Google and Facebook. Both companies threatened to restrict Australians from using the platform.
“MEPs working on two landmark draft European digital regulations, the Digital Services Act (DSA) and the Digital Markets Act (DMA), told The Financial Times the laws could be amended as they pass through the EU parliament to include aspects of the Australian reforms,” the outlet reported.
“These include the option of binding arbitration for licensing agreements and requiring tech companies to inform publishers about changes to how they rank news stories on their sites,” The Financial Times added.
“With their dominant market position in search, social media, and advertising, large digital platforms create power imbalances and benefit significantly from news content,” Maltese MEP Alex Saliba noted