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France hits Google with a $600 million fine

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France’s antitrust regulator has fined Google practically $600 million and given the corporate two months to provide you with proposals on how you can pay publishers for his or her content material or face extra punishment.

The regulator stated in a press release on Tuesday that Google (GOOGL) had disregarded several injunctions associated with the tech firm’s negotiations with French information publishers.

Google was fined €500 million ($592 million) over its failure to conform. If the search big doesn’t current compensation gives to publishers throughout the subsequent two months, it faces extra penalties of as much as €900,000 ($1.1 million) per day.

“When the regulator imposes obligations for a corporation, it should comply scrupulously, in each spirit and letter. On this occasion, this was sadly not the case,” the antitrust company’s chief Isabelle de Silva stated.

Google did not comply by not appearing “in good religion” in its negotiations with information businesses and publishers and refused to have a particular dialogue on paying for information content material online, in response to da Silva.

Google stated in a press release that it was “very disillusioned” with the choice.

“We’ve got acted in good religion all through your complete course of. The high-quality ignores our efforts to achieve a settlement, and the truth of how information works on our platforms,” a Google spokesperson stated in a press release.

Google stated it has a framework agreement with the Alliance de la Presse d’Info Générale (APIG), which represents French information media. It additionally has agreements with some main publications comparable to Le Monde and Le Figaro.

The European Union overhauled its copyright legal guidelines in 2019, making platforms comparable to Google and YouTube liable for copyright infringements dedicated by their customers. The brand new guidelines additionally require engines like google and social media platforms to share income with publishers if their content material is displayed.

Google introduced final yr that it might pay publishers greater than $1 billion over the subsequent three years via a brand new program for licensing information that might assist struggling newsrooms, which have misplaced promoting {dollars} to social media platforms.

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Rachel Ha
Industrial and agricultural product enthusiast. Expert on Vietnam economy. Focus on FTA agreements between Vietnam and other countries.
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