FACEBOOK SIGNS MUSIC DEAL WITH UNIVERSAL MUSIC GROUP

Facebook has announced they have signed a multi-year deal with Universal Music Group for users of the platform to upload music by Universal Music Group artists to their videos on Facebook, Instagram and Oculus. According to Facebook, this is the first step in introducing “music-based products” on the platform. Facebook is also said to be in talks with  Warner Music Group and Sony Music Group for a similar agreement.

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