Australia Passes Law Forcing Facebook, Google to Pay for News

The video discusses a new bill passed in Australia that has caught the attention of global regulators and media companies. The legislation aims to regulate Google and Facebook's dominance in online advertising and information dissemination. It allows for commercial deals with traditional media, which Google and Facebook have started to pursue. The bill includes provisions for forced arbitration as a last resort, which the companies are keen to avoid. The global implications of this legislation could lead to similar regulations worldwide.

What is the main concern for Google and Facebook regarding the new Australian bill?

• It will increase their advertising revenue.

• It will lead to a cascade of similar regulations worldwide.

• It will enhance their public image.

• It will improve their market dominance.

What is a key feature of the Australian code that allows Google and Facebook to avoid legislation?

• They must pay a fixed fee to the government.

• They can make commercial deals with traditional media.

• They need to reduce their market share.

• They should increase their advertising rates.

Which company has Google recently signed a deal with as part of the Australian code?

• Seven West Media

• BBC

• News Corp

• The New York Times

What discretion is given to Google and Facebook under the Australian code?

• They can select which countries to operate in.

• They can decide the amount of tax to pay.

• They can set their own advertising rates.

• They can choose which media companies to partner with.

What is the purpose of the arbitration process in the Australian code?

• To reduce the number of media partners.

• To increase the advertising rates.

• To dictate the sum to be paid to media as a last resort.

• To enhance the public image of tech companies.