Facebook, Sony/ATV sign music licensing deal
Reuters
Published Jan 08, 2018 17:47
Facebook, Sony/ATV sign music licensing deal
(Reuters) - Sony/ATV said on Monday it signed a licensing agreement with Facebook Inc (NASDAQ:FB) that will allow the social media platform's users to upload and share videos from the music publishing company's catalogue on Facebook and Instagram.
The multi-year deal will allow artists associated with Sony/ATV — whose catalogue includes Bob Dylan, Taylor Swift and Ed Sheeran — to earn royalties from the use of their music on the social media platforms.
Facebook's deal with Sony/ATV follows a similar deal with Universal Music Group in December, to retain users and attract advertisers.
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Written By: Reuters
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