Technology

FACEBOOK TO GET RIGHTS TO SHOW MUSIC VIDEOS - BLOOMBERG NEWS

FACEBOOK TO GET RIGHTS TO SHOW MUSIC VIDEOS - BLOOMBERG NEWS

Facebook Inc has completed a series of deals for the right to show music videos on its platform, raising the prospect of its competing more with Alphabet Inc's video platform YouTube in the area, Bloomberg reported on Thursday. The social media giant is expected to announce partnerships with three of music world's biggest labels, Universal Music Group, Sony Music Entertainment <6758.T> and Warner Music Group , the report said, citing people familiar with the matter.

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