iWorld

Google earned $4.7 bn from news search in 2018

The revenue is currently not shared with content creators.

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/06/10/google.jpg?itok=oIbISCQF

MUMBAI: A whopping $4.7 billion was made by Google via search and Google News from the work of journalists during the year 2018, almost matching the industry which made an estimated $5.1 billion spread across hundreds of companies, according to the study conducted by News Media Alliance.

The study also claims that the numbers are conservative as it cannot put a value to the personal data that Google collects when a person clicks on the link. It also represented more than 2,000 newspapers and websites across the US that Google makes money from through content that it does not even create. With the rise of social media, nearly 80 per cent of news traffic is sent via Google and Facebook.

According to the New York Times, Alliance president and chief executive David Chavern said, "The journalists who create that content deserve a cut of that $4.7 billion. They make money off this arrangement and there needs to be a better outcome for news publishers."

Google has not yet commented on the study. The News Media Alliance would reportedly make the study public on Tuesday, according to the reports.

Meanwhile, New York Magazine has added that despite the boom for companies like Google and Facebook, not all the mainstream media companies were failing. The Washington Post and New York Times had a profitable last few years. However, it also added that one in five local papers in the US has closed since 2004 and from 2008 to 2017 newsroom employment declined by 23 per cent.

Some 40 per cent of the clicks on Google's trending queries are for news. That's content that Google does not pay for, the report said, although it often presents headlines from news outlets verbatim.

Google should rightly acknowledge the contribution made by news agencies to its revenue. Two giant companies — Alphabet, which is Google's parent, and Facebook — are major distributors for news publishers.

Chavern added that the big tech companies like this business because someone else writes for them. He hoped that an outcome of any conversation generated by the study would be the passage of the Journalism Competition and Preservation Act which would give news publishers a four-year antitrust exemption, allowing them to collectively bargain with the owners of online platforms over revenue splitting.

"News is an important form of content that sustains civic society. I think everybody from readers to writers to politicians understands that if journalism goes away, that's a horrible outcome for whether we're able to sustain the republic," he said.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/26/Broadband.jpg?itok=z4aRwXlA
Broadband internet subscriber additions small in April 2019

Telecom Regulatory Authority of India (TRAI) data for the month ended 30 April 2019 (Apr-19, month under review) reveals that India’s broadband subscriber base grew by 86.4 lakh (8.64 million, 0.864 crore). This is only the fourth time over the past 15 months that less than 1 crore subscribers were...

iWorld Broadband
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/26/singh.jpg?itok=sPZgurI0
Netflix India ropes in Aashish Singh as director, original film

Streaming giant Netflix continues to keep its foot on the pedal when it comes to arming its India team with some serious talent. The latest high-profile addition to the streamer’s stable is Aashish Singh, who has been roped in as director, original film. "We can confirm that Aashish Singh has...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/26/mobile.jpg?itok=z2ODPdh0
IAMAI requests TRAI to recognise OTT services as "digital applications"

The Internet and Mobile Association of India (IAMAI) has reiterated that the term over-the-top (OTT) does not justify the innovation in the digital applications at the application layer. In its submission on counter comments to the OTT communication services consultation paper by industry body...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/25/panorama.jpg?itok=Se0Yw7s2
Panorama studios international and PVR pictures collaborate to distribute films in india

MUMBAI: Kumar Mangat Pathak and Abhishek Pathak’s Panorama Studios Pvt. Ltd., a subsidiary of Panorama Studios International Limited (formerly known as Apunka Invest Commercial Limited), engaged in production and distribution of films joins hands with PVR Pictures Limited, the film arm of PVR...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/25/genz.jpg?itok=HVl4Ya7H
Snap study finds Indians have amongst the largest groups of friends in the world, but Gen Z is starting to buck the trend

MUMBAI: Snap Inc. today released a global study of 10,000 people across Australia, France, Germany, India, Malaysia, Saudi Arabia, the UAE, the UK and the US to explore how culture, age, and technology shape preferences and attitudes around friendship. Ten experts on friendship from around the...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/25/neeti.jpg?itok=4c5SQ0A_
Celebrated stand-up comedian, Neeti Palta joins star-studded mentor panel in the new season of Amazon Original Series, Comicstaan

MUMBAI: After a successful season 1 of the unscripted Original series, Comicstaan, Amazon Prime Video is set to release an all-new season of the one-of-its-kind popular comedy talent hunt. This time, Comicstaan Season 2 will see India’s favourite stand-up comedian, Neeti Palta joining this season’s...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/25/vanity.jpg?itok=UdKE5WmU
in.com finds it's way into the vanity rooms of bollywood celebrities; launches ‘Vanity Diaries’

MUMBAI: in.com, a subsidiary of Network18 Digital, launches its first-ever digital series, ‘Vanity Diaries’. Powered by Amazon Beauty and Colorbar as their make-up partner, the new offering will witness popular celebrity make-up artist Lekha Gupta unraveling beauty secrets of some of our favorite...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/25/amazon.jpg?itok=gojTc9Y_
Amazon Prime Video to bring 14 new titles in 9 languages

MUMBAI: This July, Amazon will provide Prime members worldwide the chance to get epic deals for its longest Prime Day ever. Now in its third year in India, Prime Day starts at midnight on Monday, July 15 and – for the first time ever – runs for 48 hours, offering members two full days of the best...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/25/hsony.jpg?itok=jHIINtps
SPNI tells TRAI OTT platforms can't be compared to broadcasting services

Sony Pictures Networks India (SPN) has again batted for the policy of forbearance for the fullest potential growth of the OTT industry. The broadcaster has also strongly advocated that OTTs providing content/media cannot be brought within the ambit of substitutability with broadcasting service.

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories