Google will soon pay publishers worth up to $1 billion as compensation for their content. For the next three years, each publisher worldwide will receive a certain amount for their works. Will this remove 'fake news' on the leading search engine of the world?
Calling all publishers
About 200 publication companies in selected countries around the world are expected to get paid by Google as a form of compensation for their content.
Business Insider said this new program, listed as news licensing, is what most publishing groups have been demanding from the tech giant.
Along with Facebook, Google receives the largest shares of revenue from web publishers posting content on their platform.
Once a person searches for info and visits a certain website, most of the advertising fees are being given to the search engine company, not the publishing company itself.
This 'tradition' itself is the one Google wants to change from now on.
"It's clear that the newspaper industry has long faced economic challenges," Brad Bender, Google's vice president of product management for news, told CNN Business. "I think a number of us in the ecosystem want to step up and enable a better future for news. This is a very big investment, our biggest investment today, but it really does build on our 20 years of efforts with the industry."
Why start this program
Google CEO Sundar Pichai said the new product called Google News Showcase will launch first in Germany and Brazil, wherein it signed up at least six publication companies: Der Spiegel, Stern, Die Zeit, Folha de S.Paulo, Band, and Infobae.
Starting Thursday, Oct. 1, Germany will also be the first one to use the Google News Showcase app on Android. But it will soon come to the iOS app and later expand to the Google Discover app and Google search.
Other countries like Belgium, India, the Netherlands, Argentina, Australia, Great Britain, and Canada will also be included on the list.
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Written by Jamie Pancho