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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

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By Foo Yun Chee

BRUSSELS (Reuters) – Alphabet’s Google plans to pay $1 billion to publishers globally for their content over the next three years, its CEO said on Thursday, a move that could help it win over a powerful group amid heightened regulatory scrutiny worldwide.

News publishers have long fought the world’s most popular internet search engine for compensation for using their content, with European media groups leading the charge.

CEO Sundar Pichai said the new product called Google News Showcase will launch first in Germany, where it has signed up German newspapers including Der Spiegel, Stern, Die Zeit, and in Brazil with Folha de S.Paulo, Band and Infobae.

The product will be rolled out in Belgium, India, the Netherlands and other countries. About 200 publishers in Argentina, Australia, Britain, Brazil, Canada and Germany have signed up to the product.

“This financial commitment – our biggest to date –

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