Meta and News Corp have reached a multi-year licensing agreement worth $50 million annually that allows the social media giant to use copyrighted content from News Corp's media properties for artificial intelligence applications.

The deal, set to run for at least three years, grants Meta access to content from News Corp's US and UK media outlets. This includes publications such as The Wall Street Journal, The New York Post, The Times of London, and The Sun, among other properties in the company's portfolio.

The agreement represents a significant revenue stream for News Corp, totaling at least $150 million over the initial three-year term. For Meta, the deal provides access to high-quality journalistic content that can be used to train and improve its AI systems.

The licensing arrangement comes as technology companies increasingly seek partnerships with media organizations to access content for AI development. Such deals have become more common as publishers look for new revenue sources while tech companies require vast amounts of text data to train their artificial intelligence models.

Neither company has disclosed specific details about how the content will be used or what restrictions may apply to Meta's usage of the licensed material. The agreement follows similar partnerships between other major technology companies and news organizations as the AI industry continues to expand.