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Europe Takes Aim at America’s Big Tech Companies with Copyright Demands

February 21, 2019 By Jeremy Jones, CFA

By mixmagic @ Shutterstock.com

European Union countries have backed a new set of regulations to force Google, Facebook, and other big online companies to pay content creators like artists, new agencies, and broadcasters for their output. That would even include the snippets of stories posted online in services like Google News. Reuters‘ Foo Yun Chee reports from Bussels:

The revamp would require Google and other online platforms to sign licensing agreements with rights holders such as musicians, performers, authors, news publishers and journalists to use their work online.

Google’s YouTube and Facebook’s Instagram and other sharing platforms will have to install upload filters to prevent users from uploading copyrighted materials.

Google, which has lobbied against both features and has even suggested that it might pull Google News from Europe, said last week it would study the text before deciding on its next steps.

Read more here.

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Jeremy Jones, CFA
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #5 in CNBC's 2021 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
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