SYDNEY: Australia will raise the number of deals large tech firms must strike with local news outlets under a revamp of its media licensing laws to be introduced in parliament Thursday, govt said, adding the measure would distribute advertising revenue to more domestic outlets.

Prime Minister Anthony Albanese is currently negotiating with Opposition Leader Angus Taylor to get the News Bargaining Incentive quickly passed by parliament.

Australia’s News Bargaining Incentive which the Albanese government says will force social media and technology giants to cough up for local news media will be introduced into…