(Finance) – “As a demonstration of our commitment to continue the negotiating table and to reach a shared solution, we will send SIAE a further request to extend our license agreement. If SIAE accepts, we will be able to restore music on our platforms during the negotiations, thus guaranteeing artists and musicians full copyright protection”. spokesman Of Halfon the day in which the Antitrust resolved to adopt precautionary measures against the US giant as part of the investigation launched on April 4 for alleged abuse of Siae’s economic dependence in the negotiation of the license to use music rights on Mark Zuckerberg’s platforms.
“We believe it is important to collaborate with the music industry and in the value of Italian music, we hope to be able to deal with SIAE as we already do with other rights holders in Italy, like Soundreef”, adds the spokesman. In the afternoon, Meta had already underlined that he “does not agree with the precautionary measures adopted by the Antitrust”.
The AGCM (Authority for the Competition and the Market) this morning has ordered that Meta resume negotiations immediately“maintaining a behavior inspired by the canons of good faith and correctness”, and provides all the necessary information to allow Siae to restore balance in the commercial relationship with Meta.
Furthermore, with the prior authorization of Siae, Meta will have to restore content availability music on Facebook and Instagram.
(Photo: Photo by Mariia Shalabaieva on Unsplash)