Facebook Offers Hundreds of Millions of Dollars for Music Rights

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monkeymagick

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While Facebook is still busy trying to do "some evil," Bloomberg reports that insiders are saying the company is offering up to pay for the music rights its users upload in their videos. Videos posted on Facebook have gone up considerably, but quite a few are taken down due to infringing material. To solve the dilemma of appeasing the music companies and not take down the videos, the company will just throw money music owners. And who doesn't like money.

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.
 
Budzman said:
Can facebook shrivel up and die already.
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Why? People enjoy it and have a use for it. World doesn't revolve around you grumpy old people. The existence of Facebook has no significant impact on your life. Don't like it don't use it. That said I don't care for it either but I have a account and use it time to time to reconnect with people.
 
vegeta535 said:
Why? People enjoy it and have a use for it. World doesn't revolve around you grumpy old people. The existence of Facebook has no significant impact on your life. Don't like it don't use it. That said I don't care for it either but I have a account and use it time to time to reconnect with people.
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only old people use facebook but whatever
 
Who doesn't like money? Everybody loves money. Here though it's going to come down to who likes money more, and it's going to be hard to top music rights holders in that category.

vegeta535 said:
The existence of Facebook has no significant impact on your life. Don't like it don't use it.
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Except it does have an impact. Even if you don't have a user account Facebook is still tracking the things you click on, what you view, and what content you interact with. There's no "don't use it" unless you mean don't use the internet as a whole. Google is the same way. Just because you don't use their search engine or account-based products (mail, docs, drive, etc) they're still gleaning information from you. This info is usually used today to push targeted ads in your face as much as possible which, by and large, is an impact (an inconvenient one at that).

So until we get laws, legislation, or a form of an internet rule that states tracking non-users or non-account holders is a no-no, the very presence of Facebook does have an impact. (And lets not even get started on the economical, governmental, and overall social impacts of Facebook in the world today.)
 
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