The payment will be made over the net three years.
Google has decided to pay USD 1 billion to publishers globally for its news content. The news new product called Google News showcase will be launch first in Germany and in Brazil.
The payment will be made over the net three years.
Google showcase will be rolled out in Belgium, India, Netherlands and other countries.
Pichai launched Google News Showcase that features the editorial curation of award-winning newsrooms to give readers more insight on the stories that matter, and in the process, helps publishers develop deeper relationships with their audiences.
In a blog post, Pichai said that Google will pay publishers to 'create and curate high-quality content' for quality news experience.
"We`ve signed partnerships for News Showcase with nearly 200 leading publications across Germany, Brazil, Argentina, Canada, the UK and Australia. The number of news publications will grow as we work to expand News Showcase to other countries including India, Belgium and the Netherlands," Pichai said in a blog post.
The product, which allows publishers to pick and present their stories, will launch on Google News on Android devices and eventually on Apple devices. The product will launch soon on Google News on iOS, and will come to Google Discover and Search in the future.
The $1 billion investment is another step from Google to support the news industry.
The publications include award-winning national titles like Der Spiegel, Stern, Die Zeit, Folha de S.Paulo, Band and Infobae, alongside regionally and locally significant publications such as El Litoral, GZH, WAZ, and SooToday.
German publisher the Spiegel Group welcomed the project.
"With News Showcase and the new integration of editorial content like from Spiegel, Google shows that they are serious about supporting quality journalism in Germany. We are happy to be part of it from the start," said Stefan Ottlitz, managing director of the Spiegel Group.
However, European Publishers Council (EPC) was not enthusiastic about the news. EPC includes publications like News UK, the Guardian, Pearson, the New York Times and Schibsted
"By launching a product, they (Google) can dictate terms and conditions, undermine legislation designed to create conditions for a fair negotiation, while claiming they are helping to fund news production," said EPC Executive Director Angela Mills Wade.
In Germany Google has signed up with German newspapers including Der Spiegel, Stern, Die Zeit, and in Brazil with Folha de S.Paulo, Band, and Infobae.
(With agency inputs)
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