00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta Platforms signed a multi-year AI content licensing deal with News Corp that will pay up
00:07to $50 million a year, according to the Wall Street Journal. The agreement will run for at
00:12least three years and allows Meta to use content from the US and the UK for its AI products and
00:18to train on archives. News Corp CEO Robert Thompson referenced the deal at a Morgan Stanley
00:22conference and said other negotiations are at an advanced stage. News Corp previously signed a
00:28deal with OpenAI in 2024 worth more than $250 million over five years. Meta has completed
00:34content deals with People, USA Today, CNN, and Fox News. News Corp subsidiaries have sued perplexity
00:41and the New York Times has sued OpenAI and Microsoft. For all things money, visit Benzinga.com.
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