🚀 ProPicks AI Hits +34.9% Return!Read Now

France rules Google must pay news firms for content

Published 04/09/2020, 04:50 AM
Updated 04/09/2020, 02:55 PM
© Reuters. FILE PHOTO:  The Google logo is seen at the "Station F" start up campus in Paris
GOOGL
-
GOOG
-

PARIS (Reuters) - France's competition authority ruled on Thursday that Google (NASDAQ:GOOGL) must pay French publishing companies and news agencies for re-using their content.

The U.S. tech firm said it would comply with the French competition authority verdict, which followed a complaint by unions representing French press publishers.

"Google's practices caused a serious and immediate harm to the press sector, while the economic situation of publishers and news agencies is otherwise fragile," France's 'Autorite de la Concurrence' said in a statement.

Last year, Google it would stop showing news snippets from European publishers on search results for its French users, to comply with a new European copyright law.

© Reuters. FILE PHOTO:  The Google logo is seen at the

"Since the European copyright law came into force in France last year, we have been engaging with publishers to increase our support and investment in news", Richard Gingras, vice president of News at Google, said in a statement.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.