Sony/ATV Music Publishing has announced a multi-territory, multi-year agreement with Facebook to allow the social network’s users to upload and share videos from its catalogue on Facebook as well as its photo-sharing service Instagram and AI-based Oculus brand. The deal is the first between the two companies and comes after Facebook last month announced a similar multi-year licensing agreement with Universal Music Group for its recorded music and publishing catalogues.
Artists associated with Sony/ATV such as Bob Dylan, Taylor Swift and Ed Sheeran will now be able to earn royalties from the use of their music on the social media platforms while users will now be able to upload and share videos featuring music from Sony/ATV’s library across the social media networks without having the videos removed due to copyright infringements. Sony/ATV is the world’s largest publishing company with a catalogue of over 3 million songs.
