“We welcome Microsoft’s recognition of the value that our content brings to the core businesses of search engines and social networks,” Christian Van Thillo, the European Publishers Council’s chairman, said in a statement.
Australia’s government is pushing legislation that would allow certain media outlets to bargain with tech companies so they could be paid for distribution of the news they produce. Both parties would enter arbitration if they can’t reach an agreement.
The European Union and the United States face growing pressure to adopt similar measures. Canada’s government has said it plans to introduce legislation in the coming months.
“It was an opportunity to combine good business with a good cause,” President Brad Smith said in a blog post earlier this month.
Margrethe Vestager, the EU commissioner leading the charge on tech regulation, is holding a consultation on the legislation with members of European Parliament this week.
“Access to fresh, broad and deep press coverage is critical to the success of our democracies,” Microsoft vice president Casper Klynge said in a statement.