Global publishing powerhouse Sony/ATV has signed a multi-territory, multi-year deal agreement with Facebook.
Under the deal, users will be able to upload and share videos which contain compositions licensed from Sony/ATV’s catalogue on Facebook, Instagram and Oculus – in turn, giving songwriters the opportunity to earn royalties from the use of their music on the platforms.
Sony/ATV oversees more than three million songs, representing songs by heritage acts including The Beatles, Leonard Cohen, Bob Dylan, Michael Jackson, Carole King and Queen.
Its current roster includes Drake, Pink, Ed Sheeran, Sia, Sam Smith, Taylor Swift, Kanye West and Pharrell Williams.
Sony/ATV chairman and chief executive Martin Bandier said: ‘We are thrilled that in signing this agreement, Facebook recognizes the value that music brings to their service and that our songwriters will now benefit from the use of their music on Facebook.
‘We are looking forward to a long and prosperous relationship.’
Tamara Hrivnak, head of music business development and partnerships at Facebook, said: ‘We’re excited to work with the largest music publisher in the world to bring amazing songs which deepen connections between friends and fans.
‘Sony/ATV is a true leader and an absolute champion of writers in the digital space, and we’re thrilled to work with them as they grab new opportunities by the horns across all of our platforms.’
The agreement follows news in December 2017 that Universal Music Group (UMG) became the first major music company to license its catalogs for use across Facebook, Instagram and Oculus.