News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources say the deal could be worth $250M+ over five years

Agreement could generate over $250 million over five years for News Corp in cash and credits — Wall Street Journal owner News Corp struck …

Wall Street Journal 2024-05-23

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@edmundlee Ed Lee on threads
Looks like @axelspringer_EN struck a $30 mm/3-yr deal and @FT a $10 mm / yr ... so at $50 mm / yr, Murdoch netted a decent rate, but it's a bundle of at least 7 publications. Looks like @OpenAI is offering $7 mm to $10 mm/yr/pub as the going rate:
@jeffjarvis@mastodon.social Jeff Jarvis on mastodon
The big, old publishers grab their bag o' gold from OpenAI et al, leaving out all of local, Black, Latino, digital, and new media and the needs of the public. The industry should instead band together for a news API. But it's every mogul for himself. — https://www.wsj.com/...
@grantstern Grant Stern on x
If you trusted @OpenAI before now, might want to rethink your trust now that they're buying information from Rupert Murdoch.
@_felixsimon_ Felix M. Simon on x
And another big publisher in the bag for OpenAI. Nothing substantially new to say really. OpenAI cementing its position, publishers making money while they can, smaller publishers losing out, further inequalities in the info ecosystem. It's “platform” darlings, the sequel.
@maxwelltani Max Tani on x
I have the opposite view: AI may be more of a threat to fans of conservative media. The big AI players are all training on or licensing the AP, Reuters, Axel Springer, the FT, Dotdash Meredith. They don't seem to be lining up to do deals with Breitbart, the Daily Caller, or Fox..
@minimaxir Max Woolf on x
OpenAI is assembling the Infinity Gauntlet of content licensing deals.
@maxwelltani Max Tani on x
Inbox: News Corp and OpenAI announce a historic, multi-year agreement to bring News Corp news content to OpenAI, which now has permission to display content from WSJ, NY Post, Times/Sunday Times and more in response to user questions and to enhance OpenAI products. [image]
@openai @openai on x
We're announcing a multi-year partnership with News Corp to enhance ChatGPT with its premium journalism: https://openai.com/...
@ikrietzberg Ian Krietzberg on x
News Corp earned $9.9 billion in revenue ($1.4 bil in profit) in 2023. This deal, according to WSJ, is worth around $250 million over 5 years ... The value for OpenAI is clear, but why is that worth it for News Corp? Makes me wonder what OpenAI's been offering smaller media
@froomkin Dan Froomkin on x
What could possibly go wrong?
r/friendlyjordies r on reddit
A landmark multi-year global partnership with News Corp
r/australia r on reddit
Newscorps and openai sign landmark multi-year global partnership
r/ChatGPT r on reddit
News Corp and OpenAI announce multi-year agreement to bring News Corp news content to OpenAI

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News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources say the deal could be worth $250M+ over five years

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