Australia passed legislation requiring platform giants including Facebook-owner Meta and YouTube's parent Google to negotiate with news

Australia is planning to pass a new rule forcing major tech conglomerates to continue paying media companies to use their content on their social media platforms, government officials said Thursday. The News Bargaining Incentive pressures major tech giants like Meta and Google to renew paid partnerships with Australian media companies or face a fine.

Australia's government says it will create new rules to force big tech companies to pay local publishers for news. The long-awaited decision sets out a successor to a world-first law that Australia passed in 2021, which was designed to make giants like Meta and Google pay for hosting news on their platforms.