Google will pay news publishers $1 billion over the next three years.

Google announced a new initiative Thursday that will pay publishers $1 billion for news content over the next three years. The payments will be compensation to companies that plan news content for Google’s new app, Google News Showcase. Sundar Pichai, chief executive of Google and alphabet, the parent company, said in a blog post that the app would “focus on news editors, give readers a deeper understanding of important news and, in the process, help publishers build deeper relationships with their audiences”.

Google will pay news publishers $1 billion over the next three years.

The move comes at a time when Google is facing ongoing criticism from newspapers, watchdogs and antitrust regulators for profiting from the content of other sites.

According to the announcement, the “Google News Showcase” segment will be launched in Germany and Brazil on Thursday and will be rolled out to other countries, with new sections consisting of different types of news articles, initially appearing on Google News on Android. The product will soon be available on Google News on iOS and will appear on Google Discover and Search in the future. Google said.

Google will pay news publishers $1 billion over the next three years.