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Business & Finance

Reuters exclusively reports Google’s $76 million deal with French publishers

Reuters exclusively reported that Alphabet Inc’s Google has agreed to pay $76 million over three years to a group of 121 French news publishers to end a more than year-long copyright spat. The agreement between Google and the Alliance de la presse d’information generale (APIG), a lobby group representing most major French publishers, was announced previously, but financial terms had not been disclosed. The move infuriated many other French outlets, which deemed it unfair and opaque. Publishers in other countries will scrutinize the French agreement, the highest profile in the world under Google’s new program to provide compensation for news snippets used in search results.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Europe
Countries: France
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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