Google × Seven West Media
Seven West Media finalized a five-year content licensing deal with Google, announced on May 3, 2021, after an initial letter of intent in February. [95] The deal allows Google to feature content from Seven's television and newspaper brands on its News Showcase platform. [95] While the parties did not disclose the official value, industry sources and news reports pegged the annual payment from Google at approximately A$30 million. [88, 107]
The asset
A five-year license for news and entertainment content from Seven West Media's 21 publications for use in Google's News Showcase product.
The record
- Seller status
- Going concern
- Sector
- news publishing
- Modalities
- text, video
- Jurisdiction
- AU
What it means if you hold data
As one of the key deals signed under pressure from the Australian government, this long-term agreement demonstrated Google's strategy to secure content from major national broadcasters and publishers ahead of mandatory arbitration.