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Facebook, Universal Music strike multi-year deal

From Reuters - December 21, 2017

(Reuters) - Facebook Inc (FB.O) and Universal Music Group signed a first of its kind agreement to license Universal Musics recorded music and to publish catalogues for videos across the social media network as well as Instagram and Oculus.

The multi-year agreement would allow Facebook users to upload videos that contain licensed music and personalize their music experiences on Facebook, Instagram and Oculus, Universal Music said.

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