(Reuters) – Facebook Inc and Universal Music Group signed a global agreement that will give users access to Universal’s music catalogs to be used in videos uploaded across the social media network as well as Instagram and Oculus.

The multi-year agreement will be expanded later to include Facebook Messenger, Universal Music Group said.

”“Together, Facebook and UMG are creating a dynamic new model for collaboration between music companies and social platforms to advance the interests of recording artists and songwriters,” said Michael Nash, executive vice president of digital strategy, Universal

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