Govt to engage with tech giants over revenue sharing, says Deputy Comms Minister

The Star

A revenue-sharing formula with local media companies will be among possible solutions to be discussed with some tech giants, says Teo Nie Ching.  The Deputy Communications and Digital Minister said on Wednesday (Nov 15) that advertising revenue by most media has dwindled as most have been taken over by tech giants such as Google.  Read more at https://tinyurl.com/4xfk22nw  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00 [Personal opinion]

00:29 [Personal opinion]

00:42 Thank you, Tan Sri Speaker. Thank you, Ali, for your kind words.

00:48 We feel that for our society, media literacy is very important.

00:55 And that is one of the functions that we hope that Malaysia's media council can play.

01:03 To educate our society so that we can all improve media literacy.

01:09 Besides the media council, there are other NGOs that are also doing activities to improve media literacy.

01:19 And the KKD will always be willing to work with them to ensure that we can improve media literacy in Malaysia.

01:30 And secondly, we understand that media companies are also facing financial challenges.

01:44 Because now, a lot of financial resources from advertisements have gone to tech giants like Google and other search engines.

01:55 So it is also a KKD's desire that we will start an engagement with the tech giants.

02:02 So that we can maybe set an example for other countries with a formula where advertisements or sources of income can also be used.

02:13 So that they can be used to help the media companies in Malaysia.

02:18 This is one of the KKD's goals and desires.

02:22 We will start an engagement with tech giants to ensure that the source of advertising can also be used to help the media companies in Malaysia.

02:33 That is my answer. Thank you, Ali, for your kind words.

02:36 Thank you.

02:37 [END]

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