Tech giants from Facebook to Alphabet Inc.’s Google have been battling Australian lawmakers on the proposed laws requiring them to pay for utilizing media content material.

Bloomberg

PUBLISHED ON JAN 31, 2021 05:58 AM IST

Facebook Inc.’s Chief Executive Officer Mark Zuckerberg’s assembly with Australia’s Treasurer Josh Frydenberg prior to now week did little to resolve the spat between the social media big and the nation over proposed adjustments to media legal guidelines.

“Mark Zuckerberg didn’t convince me to back down, if that’s what you’re asking,” Frydenberg mentioned on Australian Broadcasting Corp.’s “Insiders” program on Sunday. The billionaire “reached out to talk about the code and the impact on Facebook” in what the treasurer known as “a very constructive discussion.”

Tech giants from Facebook to Alphabet Inc.’s Google have been battling Australian lawmakers on the proposed laws requiring them to pay for utilizing media content material. The new legal guidelines are designed to assist the native media trade, together with Rupert Murdoch’s News Corp., that has struggled to adapt to the digital economic system.

Facebook has threatened to dam Australians from sharing information on its platform if the legislation is pushed by means of, whereas Google mentioned it might take away its search engine completely from the Australian market.

Frydenberg mentioned Sunday that whereas he doesn’t dismiss Google’s threats, he’s not “intimidated” by them both.

Australia Says ‘Inevitable’ Google Will Have to Pay for News

“We’re in detailed discussions with Google, with Facebook, with the other players across the industry, because this has not been a short conversation that we’ve had with these companies,” he mentioned.

Prime Minister Scott Morrison has additionally spoken with Microsoft Corp.’s CEO Satya Nadella concerning the proposed adjustments, Frydenberg mentioned.

“At every step of the way, these businesses have been consulted,” the treasurer mentioned. “What I do know is media businesses should be paid for content.”

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