The artificial intelligence firm OpenAI is paying the digital media company Dotdash Meredith a minimum of around $16 million per year to license its content, according to public financial documents from IAC, the parent company of Dotdash Meredith.
The figure is a minimum because it only reflects the “fixed” component of the payment and not the “variable” component, which will be calculated in the future, IAC chief operating and financial officer Chris Halpin told analysts on an earnings call last week.
âIf you look at Q3 of 2024, licensing revenue was up about $4.1 million year over year.


 
                         
                         
                         
                         
                         
                         
                         
                        