Facebook To Pay Musicians Their Dues
After years of losing valuable royalty income, musicians will soon start being paid by Facebook when their music is posted to the social media giant.
Facebook now own Facebook, Instagram and Oculus and all platforms will be affected.
Facebook have signed a licencing deal that means musicians will be paid royalty fees when users post videos containing copyright music. Previously, Facebook removed any posts that violated copyright music but now they will remain – as long as the artist belongs to the Universal Music Group.
Yes, this deal only applies to Universal Music Group. But at least it is a start.
And it is not the only deal done lately. Youtube signed a similar deal that promises “recording artists songwrited improved content flexibility and growing compensation from YouTube’s ad-supported and paid-subscription tiers, while also furthering YouTube’s commitment to manage music rights on its platform”.