Meta Platforms signed a multi-year content licensing agreement with News Corp valued at up to $50 million annually. The contract is expected to span at least three years.
Meta will utilize articles and archives from News Corp’s U.S. and U.K. publications, including The Wall Street Journal. This data will train Meta’s artificial intelligence models and provide real-time information for its generative AI products.
The deal mirrors similar licensing moves by competitors like OpenAI to secure high-quality journalism for AI development. Meta intends for the partnership to bolster its AI capabilities and overall market competitiveness.
News Corp shares rose following the announcement. Meta shares saw a slight decline in after-hours trading.