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.
- Business News2018.08.08Warner Music Group sells its entire Spotify stake, shares Q3 financial report
- Business News2018.08.03T-Series elects PPL as its exclusive partner!
- Business News2018.07.18Indian Performing Right Society Ltd sets up first Regional Committee in Chennai
- Feature2018.07.17Quick five with Godless – A journey from Hyderabad to Wacken Open Air 2018
1371total visits,1visits today