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Google will pay German news publishers an annual fee of millions

Google has reportedly agreed to pay German news publishers an annual fee of millions of euros to appease EU regulators. The fees would be paid to Corint

Google to pay €3 2M yearly fee to German news publishers

Google and Corint Media have reached an interim agreement, which requires the tech giant to pay German news publishers €3.2mn per year.

Google to pay German publishers 3 2 million eur per year on interim basis

Google has agreed to pay German publishers 3.2 million euros ($3.38 million) a year for its publication of news content pending a decision from the German patent office (DPMA) on the issue, the sides said in separate statements on Thursday. The U.S. search engine operator reached the agreement with Corint Media, an umbrella organisation that represents the interests of German and international publishers including Sat.1, ProSieben, RTL, Axel Springer and CNBC. "The payments to Corint Media are in line with what we have already agreed with 470 regional and national publications in Germany," Google said, pointing to existing licensing agreements with publications including Spiegel, Zeit and FAZ for the use of headlines, excerpts and thumbnails.

google: Google to pay German publishers €3 2 million per year on interim basis

The US search engine operator reached the agreement with Corint Media, an umbrella organisation that represents the interests of German and international publishers including Sat.1, ProSieben, RTL, Axel Springer and CNBC.

Google Offers $3 8 mn Payment to German Publishers for News Content Amid Pending DPMA Decision

Google agreed to pay German publishers an annual sum of 3.2 million euros (approximately $3.38 million) for the publication of news content.

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