October 1, 2020 | technology | No Comments
Alphabet CEO Sundar Pichai speaks during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020.
Fabrice Coffrini | AFP | Getty Images
LONDON — Google said it will pay publishers around $1 billion for news over the next three years.
The pledge was announced by Google Chief Executive Sundar Pichai in a blog post on Thursday.
“I have always valued quality journalism and believed that a vibrant news industry is critical to a functioning democratic society,” Pichai said.
News publishers including Rupert Murdoch’s News Corp and German media giant Axel Springer have been calling on Google to pay them for their content for almost a decade but the search giant has refused up until now.
Google plans to pay publishers to create and curate content for a new mobile product called Google News Showcase, which will initially go live in Brazil and Germany