Facebook Is Set to Finally Get the Rights to Show Music Videos
- Social giant also could bankroll some video production
- Music videos have surged on YouTube during the pandemic
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Facebook Inc. has completed a series of deals for the right to show music videos, according to people familiar with the matter, vaulting the social network into a medium dominated by YouTube.
Partnerships with the three largest music companies -- Universal Music Group, Sony Music Entertainment and Warner Music Group -- are expected to be announced soon, said the people, who asked not to be identified because the information is private.