The agreement for Google to make an annual payment of $100 million follows Canada passing into law Bill C-18, also known as the Online News Act, to compel U.S. digital giants to negotiate commercial licensing deals with Canadian publishers for their local platforms. The agreement leaves Meta as a U.S. digital tech holdout in choosing not to pay local publishers for news snippets repurposed on its local Facebook and Instagram platforms.
Source: Google Strikes $100M Online News Sharing Deal With Canada After Standoff