The Wall Street Journal: EU approves new copyright law aimed at big tech companies

BRUSSELS — The European Union agreed on a new copyright law aimed at reining in tech giants and throwing a lifeline to news publishers.

The Wednesday deal comes after months of opposition and lobbying from internet giants and open-internet activists that led to a stalemate among EU governments.

Two controversial parts of the draft bill held up negotiations. One, aimed at platforms that allow users to upload content, would make the platforms liable for copyright violations.  The other would allow news publishers to negotiate licenses with aggregators such as Alphabet Inc.’s GOOGL, +0.09% GOOG, -0.11%  Google. Any search results that go beyond one word or “very short extracts” of news articles would be subject to such licenses.

The deal was made possible after France and Germany proposed a compromise last week, giving smaller internet companies some exemptions from the rules. The compromise coincided with a separate deal in which France agreed to support Germany on a natural-gas pipeline with Russia, according to officials in Brussels and Berlin.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

What El Chapo’s trial revealed: The inner workings of a $14 billion drug empire.

The unrealistic economies of the Green New Deal.

Want news about Europe delivered to your inbox? Subscribe to MarketWatch’s free Europe Daily newsletter. Sign up here.

Filed in: Top News Tags: 

You might like:

This Nike ad showing a woman’s underarm hair is making some people very uncomfortable This Nike ad showing a woman’s underarm hair is making some people very uncomfortable
The Fed: Here’s what the market expects from the Fed’s policy review on inflation The Fed: Here’s what the market expects from the Fed’s policy review on inflation
Futures Movers: U.S. oil prices down a second session, but Brent climbs on supply uncertainty tied to Iran Futures Movers: U.S. oil prices down a second session, but Brent climbs on supply uncertainty tied to Iran
The Ratings Game: Tesla’s earnings were a ‘debacle,’ says longtime bull in scorching commentary The Ratings Game: Tesla’s earnings were a ‘debacle,’ says longtime bull in scorching commentary
Metals Stocks: Gold prices are on pace for a second straight gain as U.S. stocks slump Metals Stocks: Gold prices are on pace for a second straight gain as U.S. stocks slump
The Ratings Game: Altria stock smoked as cigarette shipments drop, Amazon readies for a big ad quarter The Ratings Game: Altria stock smoked as cigarette shipments drop, Amazon readies for a big ad quarter
Market Snapshot: Dow falls 250 points as 3M slashes guidance, announces job cuts Market Snapshot: Dow falls 250 points as 3M slashes guidance, announces job cuts
Capitol Report: As Biden announces candidacy, these are the Democrats who are running for president Capitol Report: As Biden announces candidacy, these are the Democrats who are running for president

Leave a Reply

Submit Comment
© 2019 Stock Investors News. All rights reserved. XHTML / CSS Valid.