Isentia’s ‘CEO is paid over $1m… yet they cry poor’: Streem slams rivals
Isentia and Meltwater customers need to “ask tough questions about why they’re in court trying to drive down the price of news”, according to competitor media monitoring company, Streem.
“Isentia has pulled in more than $1 billion in revenue in the past eight years off the back of content from News Corp, Nine and others,” chief executive of Streem, Elgar Welch, told Mumbrella. “Their CEO [Ed Harrison] is paid over $1 million every year in cash and equity, yet they cry poor and continue to fight publishers over payment for valuable journalism.”
The way Isentia and Meltwater are attempting to wiggle out of paying an appropriate amount for news, according to Welch, is through their ongoing stoush with the Copyright Agency. Both businesses, which boast an estimated 85% share of the local media monitoring market, are seeking a cut in the copyright fees they pay to access news content for clients.
