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Russian social network launches streaming service backed by label deals

Russian social media platform VKontakte has successfully launched a built-in music service. The company has been working toward this goal for some time, and now it has secured licensing deals with all three of the majors and with indie label network Merlin. The service, which often draws comparisons to Facebook, had 410 million accounts as of January 2017. Continue Reading

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Russian streaming service Zvooq contracts for Sony’s international catalog

Russian streaming service Zvooq has finalized a contract with Sony Music, making it the only fully licensed independent music service in the country. “Sony Music is the owner of one of the largest international catalogs, and our cooperation with that company will allow Zvooq to present the entire volume of international music to our users,” the company’s Head of Content Tanya Mulkidzhanova told Billboard. Continue Reading