19.11.2024 20:36 Uhr, Quelle: Engadget

OpenAI will pay DotDash Meredith at least $16 million per year to license its content

OpenAI is paying the digital media company Dotdash Meredith at least $16 million per year to license its content, according to public financial documents reviewed by Adweek. We already knew about this burgeoning partnership, but we didn’t have a financial figure. Now we do. The actual payout could rise above $16 million per year, as it only reflects the “fixed” component of the payment. The “variable” component will be calculated in the future, according to a recent earnings call led by the chief operating and financial officer of Dotdash Meredith’s parent company IAC. “If you look at Q3 of 2024, licensing revenue was up about $4.1 million year over year. The lion’s share of that would be driven by the OpenAI license,” CFO Chris Halpin said. “So that’s — on a quarterly basis — a good proxy for the revenue we’re recognizing. And then the variable components will be calculated and recognized in the future.” Dotdash Meredit

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