Google has “smashed” more than 5 billion dollars for this service! Wind direction is going to change?

Saturday, October 3, 2020 – 14:20 ksa

CCTV Finance recently reported that US IT giant Google revealed on October 1st local time, according to the Japanese NHK website, that it has collaborated with over 200 broadcasting organizations around the world and will start a new push news service, called Google News Showcase, in the next three years , Google will pay $1 billion (around 6.7 billion yuan) for the use of Google News Showcase in the next three years.

Google CEO Sundar Pichai (Sundar Pichai) said, according to overseas.com, that this new application, dubbed Google News Showcase, will first be launched in Germany. Google has signed contracts with German publications such as Der Spiegel, Stern and Der Spiegel, and has signed contracts in Brazil with Folha de S. Paulo, Band and Infobae.

This commodity will also be distributed in Belgium, India, the Netherlands and other countries at the same time. Approximately 200 publishers have already subscribed to the Google product in Argentina, Australia , the United Kingdom, Brazil, Canada and Germany.

“In a blog post, Pichai said:” This initiative aims to reimburse publishers. This is also our biggest financial investment to date. With multiple internet news services, it will produce and curate high-quality material.

Last year, Google’s parent corporation, Alphabet, achieved a net profit of US$ 34.3 billion and sales of almost US$ 162 billion.

Google has an overwhelming market share in the field of Internet search engine services and its commercial revenue is high. Google was requested by the new multi-country service providers to pay royalty reports.

External analysis believes that Google seeks to dispel the annoyance of news collecting organizations with it by paying royalties, yet at the same period, in response to domestic resentment of its use of a dominant position to impede market competition.

Google is now working with French newspapers, one of the most hated channels, and Australia is seeking to persuade local media organisations to share advertisement revenue with Google and Facebook.

In July of this year, the Australian Competition and Market Commission formulated a controversial regulatory law obliging technology firms to pay for the use of news articles. Currently, this act already requires enforcement.