Back in December, we found out that Facebook inked a huge licensing deal with none other than Universal Music Group. Well, it looks like the social media site has started the new year in style, seeing as it has just managed to close another deal, this time around with Sony/ATV.
This means that from now on, users of Facebook, Instagram and Oculus (which are owned by Facebook) will have the opportunity to share and upload without a worry videos that contain music from the catalog of Sony/ATV, that has artists such as The Chainsmokers, Michael Jackson and more.
“We are thrilled that in signing this agreement Facebook recognizes the value that music brings to their service and that our songwriters will now benefit from the use of their music on Facebook. We are looking forward to a long and prosperous relationship.” – Sony/ATV Chairman and CEO Martin Bandier
“We’re excited to work with the largest music publisher in the world to bring amazing songs which deepen connections between friends and fans. Sony/ATV is a true leader and an absolute champion of writers in the digital space, and we’re thrilled to work with them as they grab new opportunities by the horns across all of our platforms.” – Tamara Hrivnak, Head of Music Business Development and Partnerships at Facebook
