American multinational technology company, Google on Thursday announced the launch of a new initiative to pay publishers $1 billion over the next three years for news content.
The payment package will be rewards for news content that will feature on the new app, Google News Showcase.
The CEO of Google and Parent company Alphabet, Sundar Pichai, in a blog post said that the app will feature the “editorial curation of award-winning newsrooms to give readers more insight on the stories that matter, and in the process, helps publishers develop deeper relationships with their audiences.”
The latest development comes as Google has faced ongoing criticism from newspapers, watchdog organizations, and antitrust regulators for profiting from the content of other websites.
Google also said that its News Showcase is launching Thursday in Germany and Brazil and will gradually roll out to other countries.
The tech company said, “News Showcase is made up of story panels that will appear initially in Google News on Android. The product will launch soon on Google News on iOS, and will come to Google Discover and Search in the future.”
So far Google has signed up 200 publishers based in Germany, Brazil, Argentina, Canada, the UK, and Australia.
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