Facebook and Sony strike music licensing deal
Facebook has struck a deal with music publisher Sony, allowing users to upload and share music and content from artists signed with the company, according to multiple reports.
Why it matters: It's the second major licensing deal the company has inked in just a few weeks — a growing sign of improving relations between the music industry and tech giants. Facebook rival YouTube has also been striking similar deals with major music labels.
Sony is the world’s largest music publisher, company, overseeing a catalog of more than three million songs, while Facebook has nearly two billion global monthly users. In the past, the social media giant had to take down content shared by music fans because of copyright infringement.
The backdrop: The agreement comes less than a month after the social network and Universal Music made a deal that let users across Facebook media properties use recorded music and publishing catalogs for video. The agreement represented the first major music company to license its music and publishing catalogs for video and other social experiences across Facebook, Instagram and Oculus.