Google will pay publishers $1 billion over the next three years for their content. In a blog on Google, CEO of Google and Alphabet, Sunder Pichai wrote: ‘ It’s equally important to Google’s mission to organize the world’s information and make it universally accessible and useful.
Over the last several years, we’ve taken many steps to support the news industry, from sending 24 billion visits to news websites globally every month, to the Google News Initiative’s $300 million commitment, including emergency funding for local publishers globally to help with the impact of COVID-19 and our Digital Growth Program aimed at small and medium-sized publishers to accelerate their business growth. But there is more to do. Today I’m proud to announce Google is building on our long-term support with an initial $1 billion investment in partnerships with news publishers and the future of news”.
Google has signed partnerships for News Showcase with nearly 200 leading publications across Germany, Brazil, Argentina, Canada, the U.K. and Australia. The publications include award-winning national titles like Der Spiegel, Stern, Die Zeit, Folha de S.Paulo, Band and Infobae alongside regionally and locally significant publications such as El Litoral, GZH, WAZ and SooToday.
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