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Technology giants face payouts to media firms in EU copyright battle

Technology firms such as Facebook would have to share more of their revenue with the publishers of content used online under a shake-up of copyright rules.

The European Parliament has backed a law that would help media, video, music and other rights holders seek compensation for use of their content online.

It was hailed as a win for the media industry which has suffered a dramatic loss of revenue to technology giants, who often piggyback on work paid for by publishers.

The European Commission, which began the debate two years ago, says the overhaul is necessary to protect Europe’s cultural heritage and create a level playing field between big online platforms and publishers, broadcasters and artists.

It will have to be backed by the European Commission and national governments before it can take effect.

Ed McCann, the Group Managing Editor at Independent News & Media, which publishes the Irish Independent and other leading Irish titles, said: “This is an important first step. The European Parliament has recognised the crucial role of journalism as a force for good in society.

Article Source: http://tinyurl.com/kbwqb42

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