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Facebook and Sony/ATV reach a licensing deal to let people post music videos

Facebook and Sony/ATV reach a licensing deal to let people post music videos
From TechCrunch - January 8, 2018

Facebook and Sony/ATV Music Publishing announced a multi-year licensing deal today that lets people upload and share video from Sony/ATV artists on Facebook, Instagram and the Oculus Rift platform.

As part of the agreement, musicians will receive royalties for the use of their songs. Exact terms of the deal were not disclosed, but the publishers songwriters will now benefit from the use of their music on Facebook, Sony/ATV CEO Martin Bandier said in a press release. Sony/ATVs music library includes tracks from Yeezy (Kanye West), Yeezys arch-nemesis Taylor Swift, Drizzy (Drake), The Chainsmokers and Queen.

Were excited to work with the largest music publisher in the world to bring amazing songs which deepen connections between friends and fans, Facebook Head of Music Business Development and Partnerships Tamara Hrivnak said in a statement. Sony/ATV is a true leader and an absolute champion of writers in the digital space, and were thrilled to work with them as they grab new opportunities by the horns across all of our platforms.

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