Home » News » Business News » Facebook signs another music licensing deal- this time with Sony/ATV

Facebook signs another music licensing deal- this time with Sony/ATV

Image

 

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.

1502total visits

Abhishek Singh

Author: Abhishek Singh

Leave a Reply

Your email address will not be published. Required fields are marked *

Top

Get Music Plus’s top stories, interviews
and gig updates delivered to your inbox.

We won’t spam you. Promise!