Facebook Reportedly In Talks With Record Labels To Buy Rights To Tons Of Music
Getting your video on Facebook taken down for copyright infringement regarding the song you used is nothing new, but that issue could become a thing of the past. According to a report in Bloomberg, Facebook Inc. is currently "offering major record labels and music publishers hundreds of millions of dollars so the users of its social network can legally include songs in videos they upload, according to people familiar with the matter."
According to the report, Facebook has been promising to build a system that would tag any videos that were infringing on copyright, though that system would take up to two years to complete. Instead, Facebook is seeking to quite literally own all the music, this way nobody is infringing on copyright.
Facebook Inc. is offering major record labels and music publishers hundreds of millions of dollars so the users of its social network can legally include songs in videos they upload, according to people familiar with the matter.
The posting and viewing of video on Facebook has exploded in recent years, and many of the videos feature music to which Facebook doesn’t have the rights. Under current law, rights holders must ask Facebook to take down videos with infringing material.
Music owners have been negotiating with Facebook for months in search of a solution, and Facebook has promised to build a system to identify and tag music that infringes copyrights. Yet such a setup will take as long as two years to complete, which is too long for both sides to wait, said the people, who asked not to be named discussing details that aren’t public.
Facebook is really making a push to have content that is created live within its website, so people think twice about uploading videos they've created to sites like Youtube. Why is this? So that Facebook could start monetizing these videos.