The demand by Australia’s conservative coalition government that Google and Facebook pay for content is drawing results, with the tech giants revealing Monday they are close to deals with major news providers.
Australian Treasurer Josh Frydenberg said talks with Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai had made “great progress” in resolving a standoff being closely watched around the world.
As Breitbart News reported, the rush to come to agreements follows the decision Friday by Australian lawmakers to enable world-first legislation that will make Alphabet’s Google and Facebook pay local publishers for news content.
The new media code, which Google has complained is “unworkable,” makes Australia the first country to challenge the market dominance of the U.S. tech giants.
The companies previously threatened to partially withdraw services from the country if the rules become law, sparking a war of words with Canberra.
But that disagreement appeared to ease