ALPHABET INC Stock Markets

The future of Google News in Europe could be uncertain if European Union plans for a “link tax” for using news stories go ahead

Google warns its news site could shut down in Europe if a new 'link tax' goes ahead

Stock Market News


The so-called link tax is part of proposed European legislation that grants publishers copyright over content that is shared online via Facebook or YouTube and applies to sites that aggregate articles such as Google News. If the legislation goes ahead, Google would have to compensate publishers when articles appear in search results on its news pages.

But Google‘s Vice President of News Richard Gingras told the Guardian that the company is very concerned about the possible payment rule and would not rule out shutting down Google News in EU countries if the legislation goes ahead in its current form.



Google Pixelbook (i5, 8 GB RAM, 128GB) (GA00122-US)


In Spain, Google closed its news service in 2014 because of a similar requirement for it to pay royalties to Spanish publishers. “We would not like to see that happen in Europe,” Gingras told the Guardian. “Right now, what we want to do is work with stakeholders.”

Article 11 of the legislation, part of the EU Copyright Directive, means that publishers — such as news sites that are currently losing advertising dollars to online platforms — could effectively charge Google News and others for their content. On the flipside, publishers rely on Google to provide traffic to their websites.



$50 Visa Gift Card (plus $4.95 Purchase Fee)


Article 13 of the proposed law would require sites such as YouTube to buy licenses for content such as music videos. Members of the European Parliament backed the proposals in September but Google is lobbying against it.

Gingras told the Guardian that it won’t make a decision on the future of Google News until it sees the final language of the legislation and added that its news site does not generate revenue for the company. Spokespersons for Google and the European Commission were not immediately available for comment when contacted by CNBC.



Profile: Alphabet Inc. is a holding company. The Company’s businesses include Google Inc. (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives. The Google segment is engaged in advertising, sales of digital content, applications and cloud offerings, and sales of hardware products.

alpha

 



CPLA Upgraded Version Seamless 3D Lamp led Night Touch Control Moon 3000K 6000K Rechargeable Home Decorative Light 5.8inch, 5.8inch-2colors


The Other Bets segment is engaged in the sales of Internet and television services through Google Fiber, sales of Nest products and services, and licensing and research and development (R&D) services through Verily. It offers Google Assistant, which allows users to type or talk with Google; Google Maps, which helps users navigate to a store, and Google Photos, which helps users store and organize all of their photos.

Advertisements

2 comments

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.