When Meta announced last week that it would not sign new deals to pay for news in Australia for use on Facebook, it downplayed the value of news to its services, stating that just 3% of Facebook usage in Australia was related to news. There are now calls to designate Meta under the news media bargaining code, which would force the company to negotiate with news media publishers and pay for news content on its platforms.
Source: Australian news media could seek payment from Meta for content used to train AI







The ability of Canadian locations to stand in for American ones is a critical element in our own movie and TV industry. It brings billions of production dollars north of the 49th parallel. But if it suddenly becomes cheaper to stay in L.A. and use AI to create your location, rather than physically move to a “stand-in” location, our film and TV industry will dry up almost instantly.
Disney CEO Bob Iger acknowledged the company is behind Netflix in terms of technical capabilities — and that it’s in the process of catching up. “When we launched Disney+ in 2019, our goal was to have basically robust video experiences at scale,” Iger said. “What we didn’t have was the technology that we needed to basically lower customer acquisition and retention cost, to essentially grow our margins by reducing marketing expenses.”