Facebook has signed a multi-year deal with Sony Music that will allow users to upload videos containing the label’s music across its platform without being taken down.
Facebook users can now include Sony/ATV music in their video clips and musicians will get paid royalties for their use.
The social media giant signed a similar deal with Universal Music Group last month.
Facebook’s head of music business development and partnerships Tamara Hrivnak stated that
“We’re excited to work with the largest music publisher in the world to bring amazing songs which deepen connections between friends and fans.”
According to Bloomberg, the multiyear agreement is the first between the top music publishing companies that manages a catalog of 3 million songs. Financial terms weren’t disclosed, but the companies said the accord would give songwriters the opportunity to earn royalties when their music is used on Facebook and Instagram by the users.
- Entertainment News2018.12.07Latin Music rules the year with 8 entries in the top 10 of YouTube Rewind 2018
- 5 December 20182018.12.05Tencent Music launches $1.2bn US IPO, third largest by a Chinese company this year
- 4 December 20182018.12.04Apple Music releases top charts for 2018, Drake hailed as artist of the year
- Business News2018.12.03Indian music industry to grow by 15.5% by 2023, says KPMG report