The Senate passed the bill Thursday in a final vote and was given royal assent amid a standoff between the Liberal government and Silicon Valley tech giants.
"We have repeatedly shared that in order to comply with Bill C-18, which was passed today in Parliament, content from news outlets, including news publishers and broadcasters, will no longer be available to people accessing our platforms in Canada," said Lisa Laventure, head of communications for Meta in Canada.
The Online News Act requires both companies to enter into agreements with news publishers to pay them for news content that appears on their sites if it helps the tech giants generate money. While the bill itself didn't name any specific platforms, it does list criteria that would cause companies to be caught under the law. Such companies would be deemed in a "significant bargaining power imbalance" with news businesses based on their size, their strategic advantage and whether they occupy "a prominent market position."
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CP24 - 🏆 30. / 67 Read more »
Source: CHEK_News - 🏆 59. / 55 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: ottawasuncom - 🏆 4. / 92 Read more »