October 28, 2008

Facebook’s streaming music plans: Out of tune with the record labels?

Leading social network Facebook is considering the idea of streaming music to users on its site. But its ideas for how to execute the plan could fly in the face of how music record labels typically license their artists’ content. The New York Times reports.

quotemarksright.jpgIn order to avoid having to pay hefty royalty fees itself, Facebook has approached a number of streaming music services about a potential partnership, sources have told us and other publications. The idea is that the partner would use its existing licensing deals with labels to legally stream music on to the social network. Facebook’s not saying anything specific about its plans (and sources say it may scratch them entirely).quotesmarksleft.jpg

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