Google has sealed a five year deal with Agence France Presse(AFP) for its news contents and stories in search results.
The deal marks one of the biggest licensing deals struck by a tech giant under a new French law. The new law gives publishers greater leverage of licensing deals around the world collectively worth billions of dollars.
Prior to this time, AFP has been losing ad revenue to online aggregators such as Google and Facebook for not paying for stories used in search results and other features.
Google had agreed earlier this year, to pay $76 million over the next three years to a group of 121 French news publishers, excluding AFP.
Google declined to disclose the financial terms of the deal but confirmed that it would run for five years.
The deal does not bring AFP into News Showcase , a feature that Google launched last year that promotes content from over 1,000 publishers that have agreed to license content for a fee.
