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Facebook strikes a deal with Warner Music Group after inking similar deals with Sony and Universal music labels



Facebook‘s two billion users will soon be able to post in more creative ways with the catalogue of Warner, whose artist roster includes Ed Sheeran, Coldplay, and the late Prince.

Representational image. Reuters

Representational image. Reuters

“Our partnership with Facebook will help expand the universe of music streaming and create supplementary revenue for artists,” said Ole Obermann, chief digital officer of the Warner Music Group.

“Fan-created video is one of the most personal, social and often viral ways that music is enjoyed, but its commercial potential is largely untapped,” he said in a statement.

Warner said it had been holding out for “the best possible deal” after its two rivals, Universal Music and Sony Music, signed deals with Facebook in recent months.

Facebook has said that it is looking at more personalized ways in which users can post music, including through Messenger and Instagram, the picture-driven social media platform owned by Facebook.

Mark Zuckerberg’s company has largely taken a back seat on music streaming as other mega-companies such as Apple and Google invest heavily in the growing sector.

While music postings are omnipresent on Facebook, the company has sought to take down embedded content that is copyrighted without licensing.

Fans, when not uploading their own homemade videos, link to other sites such as YouTube and Spotify.

Published Date: Mar 10, 2018 15:04 PM
| Updated Date: Mar 14, 2018 17:36 PM

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