RT published this video item, entitled “Time to pay | Australia forces Google & Facebook to fork out money for news content” – below is their description.
Australian lawmakers have passed a law that forces tech giants like Facebook and Google fork out money for the media content. Critics argue the bill was watered down after Facebook imposed a week-long ban on Australian news.
The much-anticipated bill, which is widely expected to serve as a precedent other nations such as Canada might soon follow, seemingly puts an end to the heated row between Facebook and the Australian government that forced last-minute changes to the bill. The changes provided the tech firms with extra time to thrash out the deals with publishers to avoid being subjected to the new rules. The tech companies can potentially skirt the new media bargaining code if they make “significant financial contributions to the sustainability of the Australian news industry.”
Australia, officially known as the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the largest country in Oceania and the world’s sixth-largest country by total area.
Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.
Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.
Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.
As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.