Meta and Universal Music Group (UMG) have expanded their licensing agreement to cover more platforms, ensuring fair compensation for artists and addressing the challenges posed by AI-generated music.
Meta and Universal Music Group Expand Licensing Deal – Key Points
- Expansion to New Platforms: The new multiyear deal now includes licensed content on Threads and WhatsApp, in addition to Facebook, Instagram, Messenger, and Meta Horizon.
- Enhanced Artist Compensation: The expanded deal ensures fair compensation for artists and songwriters, reinforcing Meta’s dedication to supporting the creative community.
- Global Collaboration: The expanded agreement reinforces Meta and UMG’s commitment to supporting artists and songwriters globally through enhanced revenue opportunities.
- AI-Generated Music: Meta commits to identifying and preventing the use of unauthorized AI-generated music that mimics real artists, addressing a growing concern in the industry.
- Historical Partnership: Meta and UMG have had a licensing agreement since 2017, initially focused on platforms like Facebook and Instagram to combat copyright infringement.
- Comparison to TikTok: The Meta-UMG agreement effectively manages issues TikTok struggled with, including the removal and subsequent reinstatement of music by major artists like Taylor Swift.
- Market Impact: UMG’s recent termination of a music video streaming partnership with Meta highlights a strategic shift toward other music products that resonate better with users.
Why This Matters: This expanded agreement not only strengthens the relationship between Meta and UMG but also sets a precedent for how the industry might tackle the challenges posed by AI in music creation. It ensures artists are fairly compensated while protecting their creative rights in an increasingly AI-driven landscape.
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Sources
- Universal Music and Meta Expand Licensing Deal | Inc.com, August 12, 2024
- Universal Music, Meta Expand Music Licensing Agreement | Reuters, August 12, 2024
- Meta’s New Music Deal with UMG Includes Threads and WhatsApp | The Verge, August 12, 2024
- Meta, Universal Music Group Allow Users to Share Songs on WhatsApp | The Hollywood Reporter, August 12, 2024
- META AND UNIVERSAL MUSIC GROUP ANNOUNCE EXPANDED GLOBAL AGREEMENT | Universal Music Group, August 12, 2024
- Universal Music Group, the World’s Leading Music Company | UMG, August 12, 2024