Google Launches Paid News Showcase Platform In UK: CNBC

Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google launched its News Showcase platform in the U.K. offering news paid for by it, CNBC reports.
The move comes within a week after Google rolled out the News Showcase platform in Australia to bypass their content law.
The feature has also been introduced in Germany, Brazil, Canada, France, Japan, and Argentina. Further, Google is in talks with multiple countries over the same matter.
It has inked a deal with 120 British publications, including the Financial Times and Reuters, for news items featuring in Google News Showcase for a licensing fee, which will be worth a few million dollars annually.
Google would also enable readers to access hand-picked paywall content leading to a subscription base for the publishers.
It has persuaded 450 news publications globally to produce content for Google News Showcase.
Previously Google had promised to pay $1 billion to publishers for news over the next three years after succumbing to pressure from News Corp. and Axel Springer for using their content.
Both Google and Facebook, Inc (NASDAQ: FB) have faced flak from media companies for using their content free of cost.
Price action: GOOG shares are up 0.10% at $2,085.69 on the last check Wednesday.

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