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German Media Group Wants €420M From Google

 |  October 21, 2021

A media group which represents the rights management of about 200 German digital press publications, is demanding 420 million from Google by 2022.

Corint Media is  based on what it pays in Australia (100 million), Canada (400 million) and France, where it was located. Sentenced to pay $500 million. The publishers’ claim is backed by an EU copyright directive and they have already urged Facebook to negotiate as well.

Corint Media’s calculation is based on the remuneration rate set by the arbitration board of the German Patent and Trademark Office, which considered an appropriate royalty rate of up to 11% on Google’s sales volume, which publishers estimate at 9,000 million euros in 2020 for the exploitation of their search engine in the territory .

The rights manager in his accounts is based on what Google has already paid in Australia (100 million) and Canada (400 million) or the judgment to pay 500 million in France

Corint Media also bases its offer “in accordance with payments or claims relating to the use of journalistic content that has become known in other markets, i.e. in Australia about 100 million euros and in Canada about 400 million euros.”.

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