Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com    AMZN


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
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 0.68% 1139.21 Delayed Quote.9.02%
AMAZON.COM 1.07% 1985.63 Delayed Quote.30.80%
FACEBOOK 2.00% 202.32 Delayed Quote.54.34%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AMAZON.COM
08:46aAMAZON COM : Dean Koontz Signs New Five-Book Deal with Amazon Publishing; The in..
08:46aAMAZON COM : Prime Day 2019 Surpassed Black Friday and Cyber Monday Combined; Me..
08:22aREALOGY : Shares Up 35% on Amazon Partnership
07:46aAlibaba welcomes U.S. small businesses to sell globally on its platform
07:32aFutures rise after better-than-expected earnings
07:30aREALOGY : Struggling Real-Estate Giant Realogy Strikes Deal With Amazon
05:32aCarmakers drive Europe higher, Johnson batters sterling
07/22S&P 500 climbs toward record high, earnings in focus
07/22Facebook, Amazon and Alphabet take center stage on Wall Street
07/22EBay Names Thompson Chief Product Officer; Rawashdeh Chief Technology Officer..
More news
Financials (USD)
Sales 2019 275 B
EBIT 2019 17 675 M
Net income 2019 13 646 M
Finance 2019 39 696 M
Yield 2019 -
P/E ratio 2019 72,8x
P/E ratio 2020 51,7x
EV / Sales2019 3,41x
EV / Sales2020 2,84x
Capitalization 978 B
Duration : Period :
Amazon.com Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 49
Average target price 2 253,93  $
Last Close Price 1 985,63  $
Spread / Highest target 38,5%
Spread / Average Target 13,5%
Spread / Lowest Target 2,23%
EPS Revisions
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.COM30.80%977 589
WAYFAIR INC60.97%13 288
ETSY INC44.06%8 236
MONOTARO CO.,LTD.-11.98%5 310
ZOZO INC-6.07%5 285