Sony ATV / YouTube

Music Business | January, 8 2018 - Now Facebook signs multi-year licensing deal with Sony/ATV: Facebook has signed another multi-year licensing deal with a major music company -Sony/ATV Music Publishing. The news comes just two weeks after Universal Music Group announced that it had inked an agreement with the social media giant, which draws more than 2bn users every month to its core platform. Sony ATV’s multi-territory, multi-year deal covers a catalog of more than 3 million songs, including those by frontline clients such as Taylor Swift, Ed Sheeran, Drake (pictured), The Chainsmokers, Sam Smith, Sia and Kanye West. Sony/ATV said in a press release that deal provided its songwriters “with a unique opportunity to earn royalties from the use of their music on both Facebook and Instagram”. Link to the PR