Similar Stories to Google Is Going To Pay Publishers $1 Billion To Contribute To A New Product Called News Showcase on Bing News

insider@insider.com (Reuters), Business Insider
Thu, 10/01/2020 - 3:11am

Google CEO Sundar Pichai. Justin Sullivan /Getty Images Google is going to pay a selected group of partnered news publications $1 billion over the next three years to contribute to a new product called "Google News Showcase," CEO Sundar Pichai announced Thursday. The new product, which will feature specially written and curated news content, is launching first in Germany and Brazil. "This approach is distinct from our other news products because it leans on the editorial choices individual publishers make about which stories to show readers and how to present them," Pichai said. Visit Business Insider's homepage for more stories. Alphabet's Google plans to pay $1 billion to publishers globally for their content over the next three years, its CEO said on Thursday, a move that could help it win over a powerful group amid heightened regulatory scrutiny worldwide.News publishers have long fought the world's most popular internet search engine for compensation for using their content, with European media groups leading the charge.CEO Sundar Pichai said the new product called Google News Showcase will launch first in Germany, where it has signed up German newspapers including Der Spiegel, Stern, Die Zeit, and in Brazil with Folha de S.Paulo, Band and Infobae.The product will be rolled out in Belgium, India, the Netherlands and other countries.

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