BetaNews: Facebook offers millions to music industry to avert copyright crisis

BetaNews: Facebook offers millions to music industry to avert copyright crisis . “Facebook is said to be offering hundreds of millions of dollars to music publishers and record labels to avoid having to take down user-generated videos that feature copyrighted music. Bloomberg cites ‘people familiar with the matter’ as saying Facebook’s payments will allow for the legal use of songs in uploaded videos. At the moment rights holders can tell Facebook to remove any videos that feature copyrighted music, and the social network is keen to create a frictionless experience for users if at all possible.”