@lucas_shaw: Facebook Tries to Offer Music Labels a YouTube Alternative

[More news from royalty deadbeat Facebook trying to mimic royalty deadbeat YouTube for the same old shite revenue share deal.  Are we going to get the okie doke hillbilly deal yet again?]

The world’s largest social network has redoubled its efforts to reach a broad accord with the industry, according to interviews with negotiators at labels, music publishers and trade associations. A deal would govern user-generated videos that include songs and potentially pave the way for Facebook to obtain more professional videos from the labels themselves….

Facebook’s interest in music rights is inextricably linked to its growing interest in video. Having siphoned ads away from print, online companies have recently targeted TV, which attracts about $70 billion in advertising a year. While Facebook faces competition from Twitter Inc. and Snapchat Inc., its main rival is Google, and music is one of the most popular types of videos on Google’s YouTube service. Facebook declined to make an executive available for an interview.

Read the post on Bloomberg

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