News Corp, Google Strike Deal Covering Content
February 17 2021 - 10:49AM
Dow Jones News
By Micah Maidenberg
News Corp said it struck a deal with Google under which the
search giant will pay it for content, an agreement that comes as
lawmakers in Australia consider having technology companies and
publishers negotiate over payments.
News Corp said Wednesday the three-year deal also covers the
development of a subscription platform, advertising-revenue sharing
via Google's ad technology services, and efforts related to audio
and video journalism.
The media company said the deal calls for a range of its
publications in the U.S., the U.K. and Australia to be featured in
the Google News Showcase.
Sundar Pichai, chief executive of Google parent Alphabet Inc.,
said in a blog post last October that the Showcase product allows
participating publishers to package their stories in "panels,"
allowing them more control over their content.
"This approach is distinct from our other news products because
it leans on the editorial choices individual publishers make about
which stories to show readers and how to present them," Mr. Pichai
said.
News Corp is the parent company Dow Jones & Co., the
publisher of the Dow Jones Newswires and The Wall Street Journal,
one of the publications that will be featured in Google's Showcase
product. Others include Barron's and the New York Post, the
Australian and the U.K.'s the Times publication.
Specific financial terms of the deal weren't disclosed. New Corp
said the deal will include "significant payments" by Google.
Don Harrison, president of global partnerships at Google, said
the News Showcase product allows "publishers to curate content for
an enhanced online news experience. Today's agreement with News
Corp covers a wide range of our products such as News Showcase,
YouTube, Web Stories, Audio and our ad technology."
Last year, Google said it reached deals with some publishers to
license their news content. In 2019, News Corp launched an
aggregation service meant to address concerns the Google News
product doesn't reward work from publishers.
Google and Facebook Inc., meanwhile, have said that the effort
in Australia to potentially require publishers and technology
companies to effectively bargain over payments for news would set
an unmanageable precedent as the internet is based on the free
sharing of links.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
February 17, 2021 10:34 ET (15:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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