Meta and Universal Music Group Forge Strategic Music Licensing Partnership
Monday, 12 August 2024, 07:38
Meta and Universal Music Group's New Licensing Agreement
Announced on Monday, the new global, multiyear deal is described as serving to evolve the creative and commercial opportunities for UMG artists and Universal Music Publishing Group (UMPG) songwriters.
Key Features of the Partnership
- Global Reach: The partnership spans multiple years and regions.
- Enhanced Opportunities: Focus on growing creative prospects for artists.
- Commercial Benefits: Aims to boost revenue streams for songwriters.
Conclusion
This new agreement signifies an important step in strengthening the relationship between technology and music industries, providing UMG artists greater visibility and monetization options across Meta's platforms.
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