EU copyright law may force tech giants to pay billions to publishers
Legislation opposed by firms like Facebook and Google and groups warning of detrimental consequences for the internet
Music companies, film-makers and media publishers could be in line for billions in payouts after EU lawmakers voted to accept controversial changes to copyright rules that aim to make tech companies including Facebook and Google share more of their revenue.
The proposed legislation, that surfaced two years ago with the aim to update copyright for the digital age, has unleashed a ferocious lobbying war pitting the likes of Paul McCartney, Placido Domingo, Adele and film-makers including Mike Leigh, against the Silicon Valley giants and their respective supporters, including internet pioneer Tim Berners-Lee and Wikipedia founder Jimmy Wales.
Continue reading...