LY Corp. Plans to Increase Transparency on LINE, Yahoo News Licensing Fees
16:36 JST, November 8, 2023
LY Corp. plans to increase transparency with respect to fees paid to news organizations for articles used on its sites.
At a financial results briefing held on Tuesday, LY President Takeshi Idezawa said, “We will explain more than ever before and increase transparency” regarding article usage fees paid to news media organizations.
LY, formed through the merger of LINE Corp., Yahoo Japan Corp. and other companies, receives articles from news organizations and pays them to use their stories on its news portal sites such as Yahoo Japan News.
In September, the Japan Fair Trade Commission released a report on the business practices of news distributors and said Yahoo Japan (now LY Corp.) “could be in a dominant bargaining position” over media organizations under the Antimonopoly Law.
The JFTC has urged news portal operators to disclose information about how the fees are calculated and other issues, saying news organizations are dissatisfied with the fees.
“We have started to discuss the issues [with news organizations],” Idezawa said.
"Business" POPULAR ARTICLE
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING
- Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
- Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
- Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
- Japan Ministry Concerned Over Same-Sex Couple Receiving City-Issued Resident Certificates Referring to ‘Common-Law Husband’
- Japan Court OKs Sex Change without Surgery