Sell access to refreshing data, not a one-off file
Reddit's January 2024 licences carried $203.0M of aggregate contract value over two to three years with at least $66.4M in the first year; Meta pays News Corp up to $50M a year for at least three years; Microsoft paid Informa an initial access fee of about $10M plus recurring payments over three years.
Dated 4 Mar 2026Source checked 11 Oct 2026Quote found on its page again 17 Oct 2026Basis: strong
“In January 2024, we entered into certain data licensing arrangements with an aggregate contract value of $203.0 million and terms ranging from two to three years. We expect a minimum of $66.4 million of revenue to be recognized during the year ending December 31, 2024”
Reddit, Inc., prospectus (SEC Form 424B4), checked 21 Mar 2024
Everything read from this source (2)Archived copy, 11 Oct 2026
Editor and Publisher: News Corp, Meta in AI content licensing deal worth up to $50 million a year, checked 4 Mar 2026
interactive investor: Informa does AI data deal with Microsoft, checked 8 May 2024
- Reddit to Undisclosed licensees: AGGREGATE: all data licensing arrangements Reddit entered in January 2024 (buyers not named in the prospectus); overlaps with the Google record.
- News Corp to Meta: US and UK News Corp content (WSJ, New York Post and others; Australian mastheads excluded per Storyboard18) for retrieval in Meta AI products and training on archives; at least three years.
- Informa (Taylor & Francis) to Microsoft: Non-exclusive access to Informa's advanced learning content and data; Informa also gets Microsoft AI tools. Informa says its 2024 AI partnerships provided archive content for LLM training.
It is shown on its own, not counted into a figure.
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