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'Absolutely huge': Media groups optimistic after Liberal pledge to make internet giants pay for content – Financial Post

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A way to ensure that people pay a fair fee to producers of the content, not a penalty, nothing punitive

Daniel Bernhard, Friends of Canadian Broadcasting

Canada’s stab at a law might follow Australia’s proposed effort based on fair trading. Canberra legislators may have a final draft of it within weeks, Rod Sims, chair of the Australian Competition and Consumer Commission, told the Associated Press this month.

Facebook warned Australia that it might simply bar local news rather than pay for it, while Google said it could impact its search results and user data, according to the AP report.

Efforts in Europe to rein in the tech giants through copyright laws so far haven’t been successful.

“There’s a real virtue in the Australian model in that it’s very fast and it’s direct negotiations with the government,” Hinds said. “The European model is a little more complicated.”

The best option is to adopt a pay-for-use fee structure, Bernhard said, so the money goes directly to creators, not as a tax on tech companies to the government — something similar to how music is billed to radio stations. He cited a study by Jean Hugues-Roy, of Université de Québec à Montréal, saying Facebook alone costs Canadian newspapers $135 million a year in lost revenue.

“This is about market power and finding a way to ensure that people pay a fair fee to producers of the content, not a penalty, nothing punitive, just a fair compensation,” Bernhard said.

Zimbel said he recently chanced upon old sales slips showing the band’s income from as recently as 2007 and how they dwarfed today’s receipts because of online streaming. “You don’t get rich playing in a nine-piece jazz band,” he said. “But I could not believe the numbers. They were huge compared to what we see now.”

The musician said he typically sees a rate of $50 for 250,000 streams, whereas the first month of a record release 13 years ago netted $7,800.

“It’s not only that you’re not making money from streaming,” Zimbel said. “It’s that all physical sales and downloading sales have evaporated now as well because people are only streaming.”

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US designates six more Chinese media outlets as foreign missions – Al Jazeera English

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US Secretary of State Mike Pompeo said on Wednesday the United States was designating the US operations of six more China-based media companies as foreign missions, a move he said was aimed at pushing back against communist propaganda.

Pompeo also told a State Department news conference that the US would launch a dialogue on China with the European Union on Friday and that on Sunday he would begin a trip to India, Sri Lanka, the Maldives and Indonesia.

He said he expected the meetings would include discussions about how “free nations can work together to thwart threats posed by the Chinese Communist Party”.

The State Department named the newly designated publications as the Yicai Global, Jiefang Daily, the Xinmin Evening News, Social Sciences in China Press, the Beijing Review, and the Economic Daily. This means 15 Chinese media outlets have now been classified as foreign missions by US authorities.

The designation requires the outlets to inform the State Department of their personnel rosters and property holdings.

The move is the latest US step to curb Chinese activity in the United States in the run-up to the November 3 presidential election, in which President Donald Trump has made a tough approach to China a key theme of his campaign for a second term.

Pompeo said the decision was part of efforts to push back against “Chinese communist propaganda efforts” in the US.

“They are also substantially owned, or effectively controlled by a foreign government,” he said.

“We are not placing any restrictions on what these outlets can publish in the United States; we simply want to ensure that American people, consumers of information can differentiate between news written by a free press and propaganda distributed by the Chinese Communist Party itself. Not the same thing.”

China’s embassy did not comment immediately.

The editor-in-chief of the state-backed Global Times newspaper said in a tweet that the US had “gone too far” and that China would retaliate.

“As long as Chinese media outlets suffer actual harm, Beijing will definitely retaliate, and US media outlets’ operation in HK could be included in retaliation list,” Hu Xijin said.

As Trump, Pompeo and other officials have ramped up criticism of China for its handling of the coronavirus pandemic, the US government has also steadily increased pressure on Beijing’s interests in the US.

As well as the restrictions on state media, they have imposed sanctions on Chinese officials, companies and government agencies for their actions in Tibet, Taiwan, Hong Kong and the South China Sea.

Since the beginning of the year, the Trump administration has closed China’s consulate in Houston, indicted several Chinese citizens on espionage charges, imposed strict limits on the travel of Chinese diplomats, restricted the number of Chinese journalists allowed in the US and issued stern warnings to US academic and scientific institutions over the alleged influence of the Confucius Institutes that promote educational and cultural links.

The Confucius Institutes have also been required to register as official missions of a foreign government.

So far this year, the US has designated 15 Chinese media outlets as foreign missions. Before Wednesday, those included the Xinhua News Agency, China Global Television Network (CGTN), China Radio International, China Daily Distribution Corporation, Hai Tian Development USA, China Central Television, China News Service, the People’s Daily, and the Global Times newspaper.

In response, China expelled about a dozen US newspaper correspondents with the New York Times, the Wall Street Journal and the Washington Post.

Some media rights advocates, while accepting that Chinese outlets are beholden to the state, have voiced unease about the US measures, saying that they give Beijing a pretext to expel journalists who have done valuable investigative work on human rights and the origins of COVID-19.

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Pompeo says U.S. designates six more Chinese media firms as foreign missions – Reuters

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WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo announced on Wednesday the State Department was designating the U.S. operations of six more China-based media companies as foreign missions, a move he said was aimed at pushing back against communist propaganda.

FILE PHOTO: Secretary of State Mike Pompeo speaks at the Richard Nixon Presidential Library, Thursday, July 23, 2020, in Yorba Linda, California. Ashley Landis/Pool via REUTERS

Pompeo also told a State Department news conference the United States would launch a dialogue on China with the European Union on Friday and that on Sunday he would begin a trip to India, Sri Lanka, the Maldives and Indonesia.

He said he expected the meetings would include discussions about how “free nations can work together to thwart threats posed by the Chinese Communist Party.”

The State Department named the newly designated publications as the Yicai Global, Jiefang Daily, the Xinmin Evening News, Social Sciences in China Press, the Beijing Review, and the Economic Daily. It brought to 15 the number of Chinese media outlets so designated this year.

It was the latest U.S. step to curb Chinese activity in the United States in the run-up to the Nov. 3 presidential election, in which President Donald Trump has made a tough approach to China a key foreign policy theme.

Pompeo said the move was part of efforts to push back against “Chinese communist propaganda efforts” in the United States.

“They are also substantially owned, or effectively controlled by a foreign government,” he said.

“We are not placing any restrictions on what these outlets can publish in the United States; we simply want to ensure that American people, consumers of information can differentiate between news written by a free press and propaganda distributed by the Chinese Communist Party itself. Not the same thing.”

The State Department has previously required Chinese media outlets to register as foreign missions and announced in March it was cutting the number of journalists allowed to work at U.S. offices of major Chinese media outlets to 100 from 160.

In response, China expelled about a dozen American correspondents with the New York Times, News Corp’s Wall Street Journal and the Washington Post.

The United States also said last month it would require senior Chinese diplomats to get State Department approval before visiting U.S. university campuses or holding cultural events with more than 50 people outside mission grounds.

China’s embassy did not immediately respond to a request for comment.

Washington designated four major Chinese media outlets as foreign embassies in June and five in February. The designation requires the outlets to inform the U.S. State Department of their personnel rosters and real-estate holdings.

Reporting by Humeyra Pamuk, Doina Chiacu and David Brunnstrom; Editing by Jonathan Oatis and Andrea Ricci

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InvestorChannel's Media Watchlist Update for Wednesday, October 21, 2020, 16:30 EST – InvestorIntel

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InvestorChannel’s Media Stocks Watchlist Update video includes the Top 5 Performers of the Day, and a performance review of the companies InvestorChannel is following in the sector.
Sources Include: Yahoo Finance, AlphaVantage FinnHub & CSE.
For more information, visit us at InvestorIntel.com or email us at info@investorintel.com

Watchlist Companies:
– ZoomerMedia Limited (ZUM.V) CAD 0.06 (9.09%)
– Postmedia Network Canada Corp. (PNC-A.TO) CAD 1.71 (6.88%)
– Corus Entertainment Inc. (CJR-B.TO) CAD 3.14 (6.44%)
– Lingo Media Corporation (LM.V) CAD 0.09 (5.88%)
– Network Media Group Inc. (NTE.V) CAD 0.14 (3.57%)
– MediaValet Inc. (MVP.V) CAD 2.55 (2.0%)
– Adobe Inc. (ADBE) USD 495.96 (0.28%)
– Stingray Group Inc. (RAY-A.TO) CAD 5.51 (0.18%)
– GVIC Communications Corp. (GCT.TO) CAD 0.14 (0.0%)
– Media Central Corporation Inc. (FLYY.CN) CAD 0.01 (0.0%)
– Moovly Media Inc. (MVY.V) CAD 0.07 (0.0%)
– Quizam Media Corporation (QQ.CN) CAD 0.50 (0.0%)
– QYOU Media Inc. (QYOU.V) CAD 0.07 (0.0%)
– HubSpot, Inc. (HUBS) USD 308.06 (-0.56%)
– Wix.com Ltd. (WIX) USD 271.54 (-2.55%)
– Thunderbird Entertainment Group Inc. (TBRD.V) CAD 2.06 (-3.29%)
– Zoom Video Communications Inc. (ZM) USD 513.19 (-4.44%)
– Slack Technologies Inc. (WORK) USD 28.87 (-6.3%)
– Glacier Media Inc. (GVC.TO) CAD 0.20 (-6.82%)
– WOW! Unlimited Media Inc. (WOW.V) CAD 0.35 (-7.89%)

InvestorChannel

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