OpenAI will pay DotDash Meredith at least 16 million per year to license its content

OpenAI is paying the digital media company Dotdash Meredith at least 16 million per year to license its content, according to public financial documents reviewed by Adweek. We already knew about this burgeoning partnership, but we didn't have a financial figure. The actual payout could rise above 16 million per year, as it only reflects the "fixed" component of the payment. The "variable" component will be calculated in the future, according to a recent earnings call led by the chief operating and financial officer of Dotdash Meredith's parent company IAC. "If you look at Q3 of 2024, licensing revenue was up about 4.1 million year over year. The lion's share of that would be driven by the OpenAI license," CFO Chris Halpin said.