Parliament is scheduled to consider the draft laws on Tuesday after a Senate committee last week recommended no changes to the proposed regulations
Google and Facebook were close to striking significant commercial deals to pay Australian media for news ahead of Australia creating world-first laws that would force the digital giants to finance journalism, a minister said Monday.
Parliament is scheduled to consider the draft laws on Tuesday after a Senate committee last week recommended no changes to the proposed regulations that Google and Facebook have condemned as unworkable.
Treasurer Josh Frydenberg, one of ministers responsible for the legislation, said he had discussions at the weekend with Facebook CEO Mark Zuckerberg and Sundar Pichai, chief executive of Alphabet Inc. and its subsidiary Google. Frydenberg had also spoken with Australian news media executives.
"We've made real progress, I think, in the last 48 to 72 hours and I think we're going to see some significant commercial deals which could be of real benefit to the domestic media landscape and see journalists rewarded financially for generating original content, as it should be, and this is a world-leading reform, Frydenberg told Nine Network television.
No other country has stepped in like we have. It's been a difficult process. It's still ongoing, so let's not get ahead of ourselves. But the discussions to date have been very promising indeed, Frydenberg added.
Frydenberg later told Australian Broadcasting Corp. deals were very close.
Google and Facebook did not immediately respond to requests for comment.
Google has ramped up its campaign against the proposed law, telling the Senate committee that scrutinized the draft that the platform would likely make its search engine unavailable in Australia if the so-called news media bargaining code were introduced.
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