Facebook Parent Meta Platforms Inc said on Thursday it would invest in New Zealand A month after the social media giant landed in hot water with Australian media outlets over content licensing, up-and-coming news publishers to promote and boost their digital capabilities.
The company, which did not disclose its investment amount, said its program will include training local publishers from diverse backgrounds to help them grow their digital audiences and revenue growth on and off Facebook.
Meta also said that it will partner with the International Center for Journalists to set up an advisory panel with five Kiwi media personnel that will help develop the talent selected under the programme.
The move comes just days after an Australian academic publisher urged the government to introduce a new law to force Facebook to negotiate a content deal, as did other large media companies such as news corporation And this Australian Broadcasting Corporation.
Last week, Facebook renamed its holding company Meta, undergoing a rebranding at a time when lawmakers and regulators have criticized its market power, algorithmic decisions and police misconduct on its services.
The company, which did not disclose its investment amount, said its program will include training local publishers from diverse backgrounds to help them grow their digital audiences and revenue growth on and off Facebook.
Meta also said that it will partner with the International Center for Journalists to set up an advisory panel with five Kiwi media personnel that will help develop the talent selected under the programme.
The move comes just days after an Australian academic publisher urged the government to introduce a new law to force Facebook to negotiate a content deal, as did other large media companies such as news corporation And this Australian Broadcasting Corporation.
Last week, Facebook renamed its holding company Meta, undergoing a rebranding at a time when lawmakers and regulators have criticized its market power, algorithmic decisions and police misconduct on its services.
.