Dec 21, 2017
Facebook strikes music deal with Universal
Facebook has reached a licensing agreement with a major music label that will allow users to post and share music on the social media network. The global, multi-year deal with Universal Music Group addresses copyright issues raised by unauthorised use of its artists' material. The firms also said they were working together on new music products, a sign Facebook has set its sights on challenging YouTube. Universal represents artists such as Taylor Swift and Jay-Z. The company has previously pushed Facebook to remove posts, including covers of its artists' songs. Universal Music Group's executive vice president of digital strategy, Michael Nash said: "Together, Facebook and UMG are creating a dynamic new model for collaboration between music companies and social platforms to advance the interests of recording artists and songwriters while enhancing the social experience of music for their fans."
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