OpenAI is paying Dotdash Meredith at least $16 million a year to license its content for AI.

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Techlab-news:

OpenAI is paying Dotdash Meredith at least $16 million a year to license its content for AI.

Dotdash Meredith, the publisher of People, Better Homes & Gardens, and InStyle, announced a licensing deal with OpenAI in May (as did The Verge’s parent company, Vox Media). Now, AdWeek is reporting this $16 million minimum figure based on comments from a recent earnings call:

If you look at Q3 24, licensing revenue was up about $4.1 million year-over-year. The lion’s share of that would be driven by the OpenAI license…the variable components will be calculated and recognized in the future.

Source: https://www.theverge.com

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