Summary
Australia is revamping its media licensing laws to require large technology companies, including expanded platforms like TikTok and Microsoft's LinkedIn, to distribute advertising revenue to a broader range of domestic news outlets. Under the reworked legislation, platforms must strike commercial deals with at least eight media companies—up from six in an earlier draft—and allocate 5% of funds to the non-profit Australian Associated Press. The updated framework reinstates a 25% cap on single deals relative to a platform's levy liability, reviving government efforts to ensure tech giants compensate Australian news organizations for content that drives user engagement.