> I have read articles that say that duplicate content on 2 separate
> domains will get you penalized or possible being banned from the
> search engine and some that say it doesn't matter."
If you search around, you'll find there's been a pretty clear consensus on this for a while now.
There is NO penalty for having duplicate content. BUT all bar one of the 'same' stuff may not be listed.
So in one sense it doesn't matter - no penalty; on the other hand, it makes having duplicates a bit of a lottery - especially as you have no control or way of predicting which ONE will be listed.
Google takes dupes very seriously, and makes checks on two levels - for 'exact' duplicates (ie the self-same page) - but also for near duplicates; eg heavily overlapping content, or maybe the same content within a different template.
Once the dupes have been found and delisted, it usually turns out that it would have been much better to have one of each on one site. But there are times when duplication offers a better service to visitors to a site (avoids confusing them by sending them elsewhere for 'the original'), you need to see what's bets in your particular situation.
The jargon goes there's duplicate filters - but no penalty
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