Google to pay out $1B to publishers to license content for new Google News Showcase
Google is offering another, complementary, option to news publishers, or at least some of them, it today unveiled its latest effort to claw back more credibility in the news publishing world, launching the Google News Showcase.
Sundar Pichai, CEO of the search giant, said in a blog post that it would collectively pay some $1 billion to news publishers in licensing fees “to create and curate high-quality content” for new story panels that will appear on Google News. Initially, these will appear on Android devices and eventually also on Google News on iOS.
Google News Showcase is rolling out first in Germany and Brazil before expanding to other markets, according to Pichai.