Nine CEO confident new AI laws will deliver a ‘world of growth in publishing’ as network slashes costs
TL;DR
Australia's parliament has passed revamped media bargaining laws, opening the door to levies on global tech platforms that fail to strike licensing deals with local news outlets. Nine Entertainment CEO Matt Stanton says he sees a world of growth in publishing ahead and points to a good pipeline of AI deals. At the same time, the network is cutting $160m in costs, including across its newsrooms.
Nauti's Take
The opportunity is real: once platforms have to pay for journalism, training data finally gets a price tag and publishers get a new revenue line. The catch is that Nine is cutting $160m at the same time, mostly in newsrooms, so the money may end up funding the shrinkage rather than the build.
Rights holders should be modelling licensing now, and working journalists should read the numbers closely.
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