Brief: NZME Updates On Engagement With Global Digital Platforms

NZME

25/11/2021 19:38

Nov 26 (Reuters) - NZME Ltd  NZM.NZ :
    * UPDATE ON ENGAGEMENT WITH GLOBAL DIGITAL PLATFORMS
    * NEW ZEALAND COMMERCE COMMISSION REGISTERED APPLICATION
FROM NEWS
PUBLISHERS' ASSOCIATION OF NEW ZEALAND ON BEHALF OF MEMBERS
    * APPLICATION SEEKING AUTHORISATION TO COLLECTIVELY BARGAIN
WITH
GOOGLE, FACEBOOK TO NEGOTIATE FAIR COMPENSATION TO INDIVIDUAL
PUBLISHERS
    * APPLICATION TO NEGOTIATE FOR FAIR COMPENSATION TO
INDIVIDUAL
PUBLISHERS FOR CONTENT THAT APPEARS ON GLOBAL DIGITAL PLATFORMS
    * NZME EXPECTS THAT RECEIPT OF AUTHORISATION, IF GRANTED BY
NZCC,
MAY TAKE SOME MONTHS
    * PARTICIPATION IN ARRANGEMENT PROPOSED BY NPA IS VOLUNTARY
    * WHILE NZCC CONSIDERS APPLICATION, NZME MAY CONTINUE TO
ENGAGE
DIRECTLY WITH GLOBAL DIGITAL PLATFORMS
    * NZME'S DIRECT ENGAGEMENT WITH GLOBAL DIGITAL PLATFORMS IS
AT A
VERY EARLY STAGE

Source text https://www.nzx.com/announcements/383626
Further company coverage:  NZM.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))