Social Media

Facebook is paying millions to music artists so creators can use songs in their videos, report

Bloomberg reports that Facebook is in negotiations with record labels and music publishers in order to grant their users permission to use songs in their videos. Facebook has been fairly consistent in its efforts to compete with YouTube and the likes in regards to videos. They have already introduced ads in between videos in order to help publishers to make money as well as Watch, the company’s standalone platform for watching shows.

Way back in 2016, Facebook had shared that users watch around 100 million hours of videos every single day. The numbers have probably gone up by a huge margin by now and this can also be judged by Facebook’s struggle to improve its video content to prevent users from going to YouTube.

Bloomberg says that Facebook is already paying singers millions of dollars to license their content for use for videos. A former YouTube executive Tamara Hrivnak is doing the negotiations to further enhance the deal with singers from Facebook’s side alongside former Warner/Chappell Music Publishing executive, Hrivnak. They are doing this in a hurry so they don’t have to takedown user videos because of copyright infringement. Facebook will come up with a system later to identify videos which have songs whose singers Facebook hasn’t paid or hasn’t authorised the video creator to use.

Facebook wants to rival YouTube in terms of revenue from advertising from video content. They will most likely consider paid content as well to rival YouTube Rival which has remained exclusive to the West for now. It is unclear when Facebook will make the official announcement regarding this so treat all this with skepticism.

Sponsored
Shaheryar Ehsan

Content Team Lead. Blogger, Content Developer, Social Media, and SEO Expert. Reach out: shaheryar.ehsan@techjuice.pk

Share
Published by
Shaheryar Ehsan
Tags: News

Recent Posts

Rumors Indicate iPhone 17 May Feature Unconventional Camera Design

Apple is reportedly preparing for a significant design overhaul with its iPhone 17 series, blending…

5 hours ago

First AI-Powered Teacher Launched in Pakistan’s Private School

Karachi: A private school in Karachi has unveiled Pakistan’s first AI-powered teacher, a groundbreaking move…

6 hours ago

Yahoo Surprises Users with Its Latest Android Launcher

Third-party apps have long been a staple of the Android ecosystem, but their appeal has…

8 hours ago

Phase-II Review of PTCL-Telenor Deal Finalized by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed its Phase-II review of Pakistan Telecommunication…

8 hours ago

Xiaomi’s SU7 Achieves New Production Record, Driving Q3 Growth

Xiaomi has shattered records by producing 100,000 vehicles in just 230 days. This is nearly…

9 hours ago

Teachers Can Now Access OpenAI’s Free AI Course

OpenAI, in collaboration with nonprofit organization Common Sense Media, announced on Wednesday the launch of…

10 hours ago