Music Lesson for the same class. Social network to sign contracts with big labels

As it became known to RBC daily, a social network “Odnoklassniki.ru is negotiating with Russia’s representative of the British holding company EMI Music’s record of buying rights to the catalog of music. The resource is going to open a free music service for its users, where it will be possible in real time to listen to music from the catalogs of major labels.

Monetization service will be supported by advertising. In addition to EMI, a source tells the market, representatives of social networks are negotiating with other rights holders and record labels. Information on the negotiations festival “Discover” with EMI confirmed RBC daily, general manager of Russia EMI / GALA Records Sergey Baldin.

9 February 2010

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