Software company in Nepal

Facebook, Universal Music strike multi-year licensing deal

794 Views Monday, December 25th, 2017 at 10:55 am   (4 years ago)   Internet, news

(Reuters) – Facebook Inc and Universal Music Group on Thursday announced a global agreement that will enable users to upload videos featuring music from Universal’s library across the social media network as well as Instagram and Oculus.

Through the agreement, which is Facebook’s first with a major record label, the social media company will no longer have to require users to take down videos featuring music from Universal’s catalog due to copyright infringement. Terms of the deal were not disclosed.

Facebook’s deal with Universal Music Group comes as the world’s largest social media site is making a big push into video to keep users on its site and attract advertisers.

Earlier this year it launched its Watch video service, which features shows from the likes of Buzzfeed, Discovery Communications as well as some sports like Major League Baseball.

The partnership comes days after Bloomberg reported that YouTube had signed a long-term agreement with Universal Music Group and Sony Music Entertainment. (bloom.bg/2yYCYPs)

The licensing deal could help Facebook better compete with Alphabet Inc’s YouTube since music videos are the most popular category on the site, said Brian Wieser, an analyst at Pivotal Research.

“With this deal, Facebook has licensed content from the biggest player in the biggest genre of video on YouTube,” he said.

The multi-year agreement with Universal will be expanded to include Facebook Messenger, Universal said.

Related Posts


Deprecated: WP_Query was called with an argument that is deprecated since version 3.1.0! caller_get_posts is deprecated. Use ignore_sticky_posts instead. in /home/asiapravidhi/public_html/wp-includes/functions.php on line 5607
  • Election Commission

    May 10th, 2022 0responses

    Use of Webcams in Polling Stations On Upcoming Election निर्वाचनको मतगणना स्थलको दृश्य अवलोकन...

Recent News