EU copyright law may force Google, Facebook to pay billions to music companies, publishers

Fox News reports: Facebook and Google could be forced to pay billions to media publishers, music companies and filmmakers if a proposed copyright rule is formally adopted in Europe. The proposed copyright directive could upend the internet as we know it. Article 11, which has been dubbed a “link tax” by critics, would mandate that news aggregation platforms like Google and Facebook pay publishers for showing news snippets or linking to news stories on other websites. Europe’s largest news agencies have urged lawmakers to support it, having accused the two tech giants of “plundering” the news and vacuuming up their advertising revenue.

Full article link:

http://www.foxnews.com/tech/2018/09/19/eu-copyright-law-may-force-google-facebook-to-pay-billions-to-music-companies-publishers.html