Australia has passed a law mandating the Facebook and Google will now have to pay for news content. In case of non-compliance, the two internet giants will face arbitration. Josh Frydenberg, one of the architects of the new law tweeted: “ The Morrison Government’s world-leading news media bargaining code has just passed the Parliament. This is a significant milestone. This legislation will help level the playing field & see Australian news media businesses paid for generating original content”
The Australian Competition and Consumer Commission (ACCC) says the law will address “a significant bargaining power imbalance between Australian news media businesses and Google and Facebook.