Hi All,
The ACCC is drafting the News Media Bargaining Code and it will require social media companies to do a few things like
- To pay at least $600 millions/year to News outlet according to Economics Explained (Youtube).
- Peek into Good and Facebook's ranking and display algorithms.
- Prioritising original news content.
- And many more. https://www.accc.gov.au/focus-areas/digital-platforms/news-m…
Economic Explain video https://www.youtube.com/watch?v=zj2r948rUkQ
I assume this is going to hurt content creators who use or make commentary contents based on News contents. I am on either side of the bullshit, but I do feel bad that many content creators are going to suffer. What are your views on this issue?
Thanks.
Australia becoming the new China?