By Reuters Staff
2 Min Read
(Reuters) - Microsoft Corp said on Wednesday it fully supported proposed new laws in Australia that would force internet giants Google and Facebook Inc to pay domestic media outlets for their content.
“While Microsoft is not subject to the legislation currently pending, we’d be willing to live by these rules if the government designates us,” the software firm said in a statement.
“The code reasonably attempts to address the bargaining power imbalance between digital platforms and Australian news businesses.”
Both Alphabet Inc’s Google and Facebook have called the laws unworkable and said last month they would withdraw some key services from Australia if the regulations went ahead.
Microsoft Corp said on Wednesday it fully supported proposed new laws in Australia that would force internet giants Google and Facebook Inc to pay domestic media outlets for their content.
UPDATE 1-Microsoft backs Australia s proposed media laws, eyes expansion Reuters 2/3/2021
(Adds background, statements from Microsoft)
Feb 3 (Reuters) - Microsoft Corp said on Wednesday it fully supported proposed new laws in Australia that would force internet giants Google and Facebook Inc to pay domestic media outlets for their content. While Microsoft is not subject to the legislation currently pending, we d be willing to live by these rules if the government designates us, the software firm said in a statement. The code reasonably attempts to address the bargaining power imbalance between digital platforms and Australian news businesses.
Both Alphabet Inc s Google and Facebook have called the laws unworkable and said last month they would withdraw some key services from Australia if the regulations went ahead.
Microsoft backs Australia s proposed media laws, eyes expansion - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Australia's securities regulator said on Monday there was a cyber security breach at a server it used to transfer files including credit licence applications where some information may have been viewed.