What is Article 13 and how could it impact publishers and internet users?

what is article 13 reddit

The talks are continuing, and the price could still rise or fall in the weeks ahead. It dramatically claimed it would have to block existing videos and new uploads from creators in the EU, and encouraged prominent vloggers to make videos about Article 13. Article 13 does not force companies to filter what users are uploading, although critics say companies will be left with no choice.

what is article 13 reddit

In theory, if Article 13 became law, games studios could tell Twitch and YouTube not to show videos of its games. It warned its Content ID system only worked if rights-holders engaged with it and “provided clarity” about what material belonged to them. It said it would be “too risky” to let anybody in the EU upload canadian forex brokers anything at all. These rules apply to services that have been available in the EU for more than three years, or have an annual turnover of more than €10m (£8.8m, $11.2m). Reddit’s own app is considered by many to be garbage, but there are a number of third-party apps like Apollo that make browsing more enjoyable.

The implications for publishers

On April 15, 2019, the European Council – the political body composed of government ministers from each of the 28 EU member states – voted to adopt into EU law the copyright directive as passed by the European Parliament in March. Six member states (Finland, Italy, Luxembourg, the Netherlands, Poland and Sweden) voted against adopting the directive while three (Belgium, Estonia and Slovenia) abstained from the vote. Because the onus will be on individual websites and internet service providers, they will also face the repercussions.

In relation to this, in another blog post, Wojcicki discusses the difficulty in determining who owns rights to material in the first place. The EU says it wants to make “copyright rules fit for the digital era”, but not everyone agrees with the proposed changes. Reddit has long been bolstered and operated by a network of unpaid moderators who keep subreddits from disintegrating into chaos. The API fee became a tipping point for those superusers, who are worried that the company is prioritizing its business over the needs and preferences of the community. Reddit’s chief executive has explicitly said he is looking into ways of weakening moderator’s power. The European Union Directive on Copyright in the Digital Single Market, to use its full name, requires the likes of YouTube, Facebook and Twitter to take more responsibility for copyrighted material being shared illegally on their platforms.

  1. It added that it had 73 million daily users and more than 100,000 active communities.
  2. The message board site, founded in 2005, detailed its financial performance in a filing.
  3. This fact is symbolic of the stand against the directive being less about the bottom line of individual companies and more about the fight for overall freedom of expression via the internet.
  4. The rule would apply to if someone downloaded Beyoncé’s new music video from YouTube then reuploaded it onto their personal channel.
  5. For April Fools’ Day 2021, Reddit released r/second, in which users have to guess the second most popular option out of a group of three options.[253][254] The event ended after 2000 one-minute rounds, with the final round lasting one hour.

The Directive on Copyright would make online platforms and aggregator sites liable for copyright infringements, and supposedly direct more revenue from tech giants towards artists and journalists. The prospectus kicks off a process to the stock market, with the 18-year-old company set to meet potential investors to whet their appetites for buying its shares. Reddit could go public on the New York Stock Exchange in a matter of weeks under the stock symbol RDDT.

Draft Article 11 (Article 15 of the directive)

The final wording has yet to be decided and is being discussed by the European Commission, Council, and Parliament. The wording will be brought to a vote in January 2019, and once passed, the directive will need to be implemented by EU member states within two years. Article 13 is part of The European Union limefx Directive on Copyright in the Digital Single Market (often abbreviated to “The EU Copyright Directive”). Directives are in place to set objectives for EU member states, so once the legislation is finalized, all member states will need to come up with their own legislation that aligns with the directive.

John Tuttle, the vice-chair of the New York Stock Exchange, said in an interview in January that the IPO market should improve in 2024, stating at the time, “We have a robust pipeline from across sectors and geographies.” Employees will be allowed to sell Reddit stock during the offering, the source added. Reddit had a private market valuation of $10 billion when ig group broker it last raised a funding round of $1.3 billion in 2021, according to PitchBook. The company plans to price its IPO between $31 to $34 a share, the person said. The Wall Street Journal was first to report on the expected range and valuation. Even though the directive has been passed in the European Parliament, these voices of concern don’t have to be in vain.

Just 108 companies went public in the United States last year, roughly a quarter of the number that debuted in 2021, according to data compiled by Renaissance Capital. Some of the biggest tech offerings last year were Arm, a chip designer, and Instacart, a grocery delivery company. No matter what gets through the filters, there’s no doubt that implementation of Article 13 will result in EU viewers having very limited access to content as compared to the current landscape. It could whittle their options down to content from a few large companies, and force them to pay premium prices for content that they are used to consuming for free or for a minimal fee. As we discussed in an earlier post, it’s highly likely that Virtual Private Network (VPN) usage will increase among Europeans as they find ways to maintain their status quo in terms of content consumption. What this basically means is that it will be the publisher’s responsibility to take down any copyrighted material.

what is article 13 reddit

Subreddits (officially called communities) are user-created areas of interest where discussions on Reddit are organized. The company brought in $804 million in annual revenue for 2023, representing a 20% year-over-year increase from $666.7 million, according to its latest IPO prospectus. Its net loss narrowed to $90.8 million for 2023 from $158.6 million the year prior.Reddit’s non-employed forum moderators, known as Redditors, can participate in the upcoming IPO through the company’s “directed share program,” the filing said. The change would have forced some third-party developers to pay more to access Reddit’s API, depending on their usage.Reddit said the API-pricing changes were needed as the company’s data was being used by tech companies training large language models akin to OpenAI’s GPT-family of software. The company is now developing a data-licensing model to accompany its core online advertising business, according to the filing. Google recently announced that it has an expanded partnership with Reddit, allowing it access to the Reddit’s data.

“When a gamer creates a video game video for YouTube, the video itself is a new copyright work owned by the gamer. However, as it also incorporates copyright works owned by the video game studios, the authorisation of both the gamer and the studio would be required to put it online.” Many in the entertainment industry support Article 13, as it will hold websites accountable if they fail to license material or take it down. Critics say it would be impossible to pre-emptively license material in case users upload it. The final version of a controversial new EU copyright law has been agreed after three days of talks in France.

Draft Articles 14 through 16 (Directive articles 18 through

In an offering prospectus, Reddit disclosed its financial performance in preparation for selling shares to investors. The San Francisco-based company reported that its revenue rose more than 20 percent as its losses narrowed last year. It added that it had 73 million daily users and more than 100,000 active communities. Mike Isaac has covered Reddit and social media companies since 2010 from San Francisco.

Reddit’s IPO will represent the first major tech offering of the year and the first social media IPO since Pinterest’s Wall Street debut in 2019. In 2021, Reddit filed a confidential draft of its public offering prospectus with the Securities and Exchange Commission. As the directive is not yet law, it will be up to member states to decide the exact rules that will be in place and punishment, if any, for breaking them. The proposed law will face a final vote in the European Parliament in the next few weeks.

Technology companies

Article 13 says it shall “in no way affect legitimate uses” and people will be allowed to use bits of copyright-protected material for the purpose of criticism, review, parody and pastiche. That’s in stark contrast to platforms like TikTok, where the predominant ethos is figuring out how to harness the platform for personal profit. Redditors invest time and care into their specific communities and are quick to protect them from outside invasion. It will now be up to the EU’s member states to enact Article 13 and the Copyright Directive. Each country within the EU will be able to interpret the law and how it should be implemented in its own ways. Therefore one country may decide that “upload filters” should be implemented using one tool, while another may understand the law in a different.

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