AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

FRANKFURT: Google said on Thursday it had agreed a “milestone” deal with a number of German media outlets to pay for the use of their content online. The agreement is the first with publishers in Germany after the country legislated on so-called neighbouring rights, developed from an EU copyright directive and which have been at the heart of multiple disputes between internet giants and the media over payment for the use of online news and other content.

German newspapers Zeit, Handelsblatt and Tagesspiegel, as well as weekly magazines such as Spiegel, WirtschaftsWoche and Manager Magazin, among others, are party to the deal with the American tech company. “For both us and our partners, these copyright agreements represent a milestone in strengthening successful partnerships,” Google said in a blog post, adding that it was pursuing discussions with other publishers.

“Platforms like Google are important partners for us, not least because they bring a lot of traffic to our websites and we can commercially leverage this reach,” said Rainer Esser, the managing director of the publishing group behind German weekly newspaper Zeit. The two sides had found a “mutually beneficial solution”, managing director of Spiegel Stefan Ottlitz said in a statement.

Details as to the size of the deal were not given. Global tech giants — mostly American — have run into a wide range of disputes with Brussels and EU member states over taxation, abuse of their dominant market power, privacy issues and for making money from journalistic content without sharing the revenue.

To tackle this, the EU directive created the form of copyright called neighbouring rights that would allow outlets to demand compensation for use of their content. German lawmakers implemented the directive in the country in June and the agreement follows similar deals in other EU countries and with other tech companies.

AFP and Google announced a five-year deal on Wednesday for the internet giant to pay for content from the news agency.

Comments

Comments are closed.