Report: Facebook Is Talking With Music Labels, But Why?
July 2, 2015 at 4:27 AM (PT)
The music business just saw the launch of APPLE MUSIC and its webcasting BEATS 1 station -- but a report from THEVERGE.COM says the folks from CUPERTINO aren't the only major player eyeing our industry.
Multiple sources are indicating it's a video deal being discussed.
"FACEBOOK has held talks with the major labels about 'getting into music,' multiple sources tell THE VERGE. FACEBOOK has spoken with SONY MUSIC ENTERTAINMENT, UNIVERSAL MUSIC GROUP and WARNER MUSIC GROUP about its interest in music, but to what extent the social network wants to get involved is still up in the air -- while the popular assumption may be a streaming service, sources say that FACEBOOK hasn't yet decided precisely what it wants to do."
The report notes any conversation between FACEBOOK and the labels are still in the very early stages, and nothing has been made final.