Google has worked with news publishers around the globe for years to help them
make the most of the web. Our search engine generates billions of clicks each
month, and our advertising solutions (in which we have invested billions of
dollars) help them make money from that traffic. And last year, we launched
Google Play, which offers new opportunities for publishers to make
money—including through paid subscriptions. A healthy news industry is important
for Google and our partners, and it is essential to a free society.
Today I announced with President Hollande of France two new initiatives
to help stimulate innovation and increase revenues for French publishers. First,
Google has agreed to create a €60 million Digital Publishing Innovation Fund to
help support transformative digital publishing initiatives for French readers.
Second, Google will deepen our partnership with French publishers to help
increase their online revenues using our advertising technology.
This
exciting announcement builds on the commitments we made in 2011 to increase our
investment in France—including our Cultural Institute in Paris to help preserve
amazing cultural treasures such as the Dead Sea Scrolls. These agreements show
that through business and technology partnerships we can help stimulate digital
innovation for the benefit of consumers, our partners and the wider
web.
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