Australia’s parliament officially passed a landmark law Thursday effectively forcing tech titans to pay for news content following intense public opposition from Facebook and Google.
The first-of-its-kind measure cleared its last hurdle when the parliament approved a set of amendments made to appease Facebook, which blocked Australian users from viewing or sharing news articles last week.
Aussie lawmakers said the law that’s set to go into effect will address the “bargaining power imbalance” between tech platforms and news publishers even though its final form gives Facebook and Google more leeway to negotiate.
“The code will ensure that news media businesses are fairly remunerated for the content they generate, helping to sustain public interest journalism in Australia,” Australian Treasurer Josh Frydenberg and Communications Minister Paul Fletcher said in a joint statement.
Officials pushed the law forward even after Facebook imposed a…