Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com    AMZN

AMAZON.COM

(AMZN)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

EU approves tougher EU copyright rules in blow to Google, Facebook

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/15/2019 | 07:03am EDT
FILE PHOTO: A 3D plastic representation of the Facebook logo is seen in front of displayed cables in this illustration in Zenica

BRUSSELS (Reuters) - Google will have to pay publishers for news snippets and Facebook filter out protected content under new copyright rules aimed at ensuring fair compensation for the European Union's $1 trillion creative industries.

EU governments on Monday backed the move launched by the European Commission two years ago to protect Europe's creative industries, which employ 11.7 million people in the bloc.

"When it comes to completing Europe's digital single market, the copyright reform is the missing piece of the puzzle," the Commission's president Jean-Claude Juncker said in a statement.

Under the new rules, Google and other online platforms will have to sign licensing agreements with musicians, performers, authors, news publishers and journalists to use their work.

The European Parliament gave a green light last month to a proposal that has pitted Europe's creative industry against tech companies, internet activists and consumer groups.

Wikipedia blacked out several European sites in protest last month, while the change was opposed by Finland, Italy, Luxembourg, the Netherlands, Poland and Sweden.

But 19 countries, including France and Germany, endorsed the revamp, while Belgium, Estonia and Slovenia abstained.

Under the new regime Google-owned YouTube, Facebook's Instagram and other sharing platforms will have to install filters to prevent users from uploading copyrighted materials.

Google said the new rules would hurt Europe's creative and digital economies, while critics said it would hit cash-strapped smaller companies rather than the tech giants.

Poland said the overhaul was a step backwards as the filter requirement may lay the foundation for censorship.

EU lawmaker for the European Pirate Party Julia Reda, who had campaigned against the reforms, said critics could take their case to court but it would be slow and difficult and that the best thing would be to monitor fair implementation.

The European Magazine Media Association, the European Newspaper Publishers’ Association, the European Publishers Council, News Media Europe and independent music labels lobbying group Impala welcomed the move.

EU countries have two years to transpose the copyright directive into national laws.

(Reporting by Foo Yun Chee; editing by Philip Blenkinsop and Alexander Smith)

By Foo Yun Chee

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET 0.59% 1267.2 Delayed Quote.20.58%
AMAZON.COM 0.76% 1916.3 Delayed Quote.26.62%
FACEBOOK 6.66% 194.685 Delayed Quote.39.28%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMAZON.COM
01:43pUPS profit hurt by severe weather, issues disappointing outlook for second qu..
RE
11:19aMicrosoft market cap touches $1 trillion, pulls above Apple
RE
11:19aMicrosoft Hits $1 Trillion Market Value for First Time -- Update
DJ
10:21aMicrosoft Hits $1 Trillion Market Value for First Time
DJ
09:31aAUDIBLE ANNOUNCES STAN LEE'S ALLIANC : A Trick of Light, Premiering on June 27th..
BU
09:30aGLOBAL MARKETS LIVE : Asda, Microsoft, Goldman Sachs, Deutsche Bank…
04/24AMAZON COM : AWS Launches New Region in Hong Kong
BU
04/24Microsoft tops $1 trillion as it predicts more cloud growth
RE
04/24Carrefour's first quarter sales growth accelerates with France, Brazil
RE
04/24Ford Motor to put $500 million into electric vehicle startup Rivian
RE
More news
Financials ($)
Sales 2019 275 B
EBIT 2019 17 721 M
Net income 2019 13 987 M
Finance 2019 33 759 M
Yield 2019 -
P/E ratio 2019 70,74
P/E ratio 2020 49,36
EV / Sales 2019 3,32x
EV / Sales 2020 2,73x
Capitalization 947 B
Chart AMAZON.COM
Duration : Period :
Amazon.com Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 47
Average target price 2 060 $
Spread / Average Target 7,1%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Tom A. Alberg Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM26.62%946 598
WAYFAIR INC68.79%13 808
ETSY INC38.89%7 837
QURATE RETAIL INC-12.30%7 369
ZOZO INC5.97%5 714
MONOTARO CO.,LTD.-2.32%5 604