Facebook Is Actively Licensing Music Videos for Its YouTube Rival, Report Claims

According to a report from Bloomberg, Facebook is seeking to attain rights to music videos for its stagnating video-on-demand service that it hopes will challenge YouTube. Reportedly, the social media giant is negotiating music licensing deals for its Watch service with major labels Universal Music Group, Sony Music Entertainment, and Warner Music Group. The company is further already … Continue reading Facebook Is Actively Licensing Music Videos for Its YouTube Rival, Report Claims