this post was submitted on 01 Sep 2023
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Too bad for the platforms the floodgates have already been opened. Australia has already implemented similar legislation in which they caved.
https://www.wired.com/story/australia-media-code-facebook-google/
I don't think it's in the nature of capitalist corporations to put long term strategy over short term profitability.
"Then, at 1 am on February 26, 2021, news content started to reappear, reversing users’ feeds to how they always looked. But behind the scenes, tech’s relationship with the media had permanently shifted.
Google and Facebook did not leave; they paid up, striking deals with news organizations to pay for the content they display on their sites for the first time. The code was formally approved on March 2, 2021, writing into law that tech platforms had to negotiate a price to pay news publishers for their content"
I think you should take note how they made the law after the deals were struck. Canada however has already ascended their version into law, prior to the deals. There is nothing to negotiate in Canada. Abide by the law or get out.