Google agrees to pay Can$100 million to Canadian News outlets under new content law

Google has announced that it has paid Can$100 million (approximately US$69 million) to Canadian news outlets to use their content on its platform. This move is part of a deal with the Canadian government to offset the loss of advertising revenues experienced by traditional news organizations.

The payment was made to the Canadian Journalism Collective, a non-profit organization established to distribute the funds to media businesses whose content is shared or repurposed by Google. The funds are expected to provide a much-needed boost to newsrooms, enabling them to produce high-quality coverage of democratic institutions.