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Google to pay SA media up to R500m annually
- Google is proposed to pay between R300 million and R500 million annually to the South African media for its role in benefiting from the local news media industry.
- The Competition Commission's report found an inequitable share of value between Google and news publishers in South Africa.
- The inquiry seeks to determine how digital platforms affect South Africa's news media sector.
- Google disclosed earning around R35 million from advertising revenue generated through news-related queries in South Africa.
- The report highlighted the unequal sharing of data and insights between Google and news publishers.
- Google's algorithm favors global news outlets over local media in search results and Top Stories.
- These issues are not unique to South Africa and similar processes are ongoing in other countries like Australia, the US, and Brazil.
- Imposing a digital levy or tariff is one of the proposed alternatives to ensure fair contribution from big tech companies to the economies where they operate.
- Finding sustainable win-win solutions is crucial for the media industry's stability and long-term success.
- Parties involved have the option of appeal if they disagree with the imposed binding remedy.
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