(CTN News) -According to News, an agreement has been reached between Canada and Google regarding their disagreement over a new law.
This law intends to ensure that major internet companies share advertising revenue with news publishers in the country.
If this agreement is confirmed, news stories will continue to appear in search results. Previously, Google had announced its intention to block news on its platform once the online news law becomes effective.
At present, there has been no response from Canada or the Canadian government regarding this matter.
According to News, Google has reached an agreement with the Canadian government to ensure the continued sharing of Canadian news on its platforms.
As part of this agreement, Google will make annual payments to news companies, amounting to approximately C$100 million ($73.6 million). The regulatory framework for this agreement was finalized earlier this week.
The Canadian parliament passed the Online News Act in June, which is in line with the global trend of holding internet giants accountable for compensating news organizations. The government is currently working on finalizing the rules, which are expected to be released by December 19.
Google has expressed that the legislation in Canada is stricter compared to those in Europe and Australia, which has raised apprehensions regarding the company’s potential exposure to unlimited liability.
In a recent development, a Canadian news industry organization has shown support for certain concerns raised by Google regarding this new law.
Additionally, Meta Platforms (META.O), another prominent internet company affected by this legislation, has already taken measures to block news sharing on Facebook and Instagram due to its own concerns about the law.