Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday 18 February 2021

Understandable ? Yes

 


 

Reasonable ?  No


Context :

Mandate tech giants to share revenue   /  ET Editorial  /  19 Feb 2021

Extract :

In the ongoing tussle between the government and tech giants Google and Facebook in Australia over sharing revenue with news media, Google and Facebook have adopted different strategies. While Google is trying to sidestep a direct confrontation by striking deals with the bigger media companies of the region, and elsewhere, by enrolling them in the Google News Showcase and paying them for that participation, Facebook has decided to not let members share news in Australia and bar Australian news elsewhere in the world.

Implicit in this aggressive bargaining position is the understanding that Australia is too small a market for the tech giants for its potential loss to force these companies to change their conduct.

This is the right time for India to join the battle and bring in a law mandating tech giants that harvest advertising revenue by displaying news stories to share revenue with those who create the content they display.

India is a huge market, as it is. It is an enormous market in the making and no company would willingly forsake a share of this growing pie.

The threat that might work against Australia, accounting for $4 billion of Google’s annual $181 billion revenue. But India promises much, much more, whatever its current  yield.

Google will be persuaded to strike the kind of deal it has struck with French publishers and now with Australian ones with Indian news media as well. True, with the equalisation levy, the government does collect some tax from the likes of Google.

But by mandating the tech giants to share revenue with the content creators, the government would gain additional tax revenue as well, as Indian companies make additional profits and pay additional taxes.

But that is not the main point. A financially healthy news media is essential for democracy to function.

Discouraging practices that erode news media’s revenues is an essential task of good governance. Microsoft has supported the official Australian stance.

A similar law in India would find powerful allies, as well, from within the tech world and outside.

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Dear Shri Bodhisatva  Ganguliji

( Editor , Economic Times / Bodhisatva.ganguli@timesgroup.com ),


There can be no quarrel with your statement :

 “ A financially healthy news media is essential for democracy to function “


It  is also understandable when you write :

“ … bring in a law mandating tech giants that harvest advertising revenue by displaying news stories to share revenue with those who create the content they display……. “


But ,

News Media should first agitate for the benefit of masses before trying to advance their own interests


Print Media earns millions from companies which advertise on them. That income enables Media to sell print copies at very cheap rates (often below the cost of paper / printing )


Look upon it as a kind of “ REVENUE SHARING “ with the readers


It is precisely this “ Low Sale Price “ which enables you to get millions of people to “ buy “ news papers


In turn, it is this “ Circulation Size “ ( of millions ) that motivates companies to give you advts !


How are online Social Media ( Google / Facebook etc ) managing to offer FREE services to millions of their users ?


By “ harvesting and selling “ personal data of these millions of users to their advertisers / other DATA BUYERS


I believe , media like yours , should agitate for Social Media to “ compensate “ these millions of CONTENT CREATORS


I urge you to :


Ø   Study my suggestions at :

 

     #   Digital Dividend from Demographic Data [ 4 D ]………[ 14 Feb 2019 ]

 

     #   SARAL( Single  Authentic  Registration for Anywhere  Login )… 10 Feb 2019 ]

 

Ø  Launch a campaign ( much like your , very successful “ LostVotes “ campaign ) for Social Media to compensate its uses for their data


This would not appear merely as some kind of “ altruism “. It would demonstrate your willingness to fight for the cause of the common men 


  

With regards

Hemen Parekh  /  hcp@RecruitGuru.com / 19 Feb 2021

 

Related Reading :

“ Pods ” ; Prescribed by ( Dr ) Tim Berners-Lee………………….[ 23 Jan 2021 ]

 

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