Music record label Tips Industries, Facebook ink global licensing deal

Industries NSE -3.18 % on Monday announced a global deal with social media giant Facebook to license its music for videos and other social experiences across Facebook and Instagram. “It has been a big and significant year for Tips music, as the company signs another global deal with the biggest social media platform in the world Facebook to license its music for videos and other social experiences across Facebook and Instagram,” Tips Industries said in a statement.

With the move, Facebook and Instagram users will be able to add Tips’ music catalogue to their posts and stories, the statement added.

Tips Industries chairman and managing director Kumar Taurani said the deal with Facebook will allow millions of Facebook and Instagram users across the world to add Tips’ music to their stories and videos.