Business & Finance

Facebook, Sony/ATV sign music licensing deal

Published January 8, 2018 Updated January 8, 2018 09:07pm

The multi-year deal will allow artists associated with Sony/ATV - whose catalog includes Bob Dylan, Taylor Swift and Ed Sheeran - to earn royalties from the use of their music on the social media platforms.

Facebook's deal with Sony/ATV follows a similar deal with Universal Music Group in December, to retain users and attract advertisers.

Copyright Reuters, 2018