Google has agreed to pay German publishers 3.2 million euros ($3.38 million) per year for the publication of news content while awaiting a decision from the German patent office (DPMA). The agreement was reached with Corint Media, an umbrella organization representing the interests of various German and international publishers, including Sat.1, ProSieben, RTL, Axel Springer, and CNBC.
These payments to Corint Media are consistent with agreements already in place with 470 regional and national publications in Germany. Google cited existing licensing agreements with publications like Spiegel, Zeit, and FAZ, which cover the use of headlines, excerpts, and thumbnails.
Related: Google, Meta Avoid UK’s Publishers Deal For Another Year
Initially seeking 420 million euros for the use of news content in 2022, Corint Media expressed hope that the DPMA’s arbitration board decision would result in a “significant increase of the remuneration to be paid by Google.” The two parties had previously agreed on a one-off payment of 5.8 million euros for the period since the introduction of new press ancillary copyright legislation in 2021.
Christine Jury-Fischer, managing director of Corint, noted, “The quasi-monopolist Google dictates prices, so the route via the courts is the only way to arrive at appropriate remuneration for the use of content.”
This agreement serves as a significant development in the ongoing discussions surrounding compensation for the use of news content by tech giants, with both Google and German publishers hoping for a favorable resolution from the DPMA.
Source: Reuters
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI