Malaysia is discussing with tech giants Google and Meta Platforms (parent company of Facebook) to introduce regulations that would mandate compensation for news outlets when these internet giants source their content.

The Malaysian Communications and Multimedia Commission (MCMC) said these regulations are similar to Australia's framework, compelling Google and Meta to pay media outlets for content generating clicks and advertising revenue. Additionally, it explores regulations inspired by Canada's Bill C-11 to regulate streaming platforms and promote local content.

These initiatives address income disparities between digital platforms and local media while ensuring fair compensation for news content creators. The MCMC is also engaging with social media platforms to combat online harm, such as child exploitation material, online gambling, and financial scams.

Why does it matter?

During Prime Minister Anwar Ibrahim's administration, Malaysia has exhibited an increased focus on online content. Reflecting this emerging trend, Malaysia is now following the example of other nations such as Australia, Canada, and New Zealand in seeking to address the disruptions caused by digital transformation in traditional media business models through regulatory measures. It remains to be seen how tech companies will respond to these regulations. They may either choose to follow the path of resistance, as seen in Canada, or opt for a cooperative approach, engaging in negotiations as in Australia.