News Corp strikes $50M per year AI licensing deal with Meta

Core Insights - News Corp has entered a multiyear AI content licensing agreement with Meta, potentially worth up to $50 million annually, for at least three years [1][7][10] - The deal allows Meta to utilize copyrighted content from News Corp's media properties in the US and UK, reflecting the increasing value technology companies place on news content for AI development [1][7] - Meta has been actively signing similar licensing agreements with various publishers, including People Inc., USA Today, CNN, and Fox News, as part of its strategy to enhance its AI products [3][10] Company Developments - News Corp's CEO Robert Thomson indicated that the company is in advanced negotiations for additional agreements beyond the deal with Meta, suggesting further partnerships may be announced soon [4][10] - The agreement with Meta follows a previous content deal between News Corp and OpenAI, which was expected to be valued at over $250 million over five years [10] Industry Context - The media industry is adopting a multifaceted approach to AI, engaging in licensing partnerships with some companies while pursuing legal action against others for copyright infringement [11][13] - Other media organizations, such as The New York Times, have also taken legal action against AI companies like OpenAI and Microsoft, while simultaneously signing licensing agreements with firms like Amazon [11][14]