News - 21/12/2017

Facebook and Universal Music Group have a licensing deal

Facebook and Universal Music Group have a licensing deal

It's official: Facebook and Universal Music Group (UMG) now have an "unprecedented global, multi-year agreement"; this way UMG licenses both its recorded music and publishing catalogs for video and other social experiences across Facebook, Instagram and VR platform Oculus.

A press release explains:

The partnership will facilitate deeper engagement between artists and fans, empowering users to express themselves through music, share the songs they love and build communities around music-fueled culture. Enabling a variety of features across Facebook’s platforms, the agreement is intended to serve as a foundation for a strategic partnership roadmap that will deliver new music-based experiences online.

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