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Facebook 'in talks to offer princely sum for music rights'

Facebook chief Mark Zuckerberg says video will drive business; Facebook is about to launch Watch, a video hub

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Sources say Facebook is eager to make a deal so that it no longer frustrates users by taking down their videos; partners, by hosting the infringing material; or advertisers, which could bring legal headaches.

Washington

FACEBOOK Inc is offering major record labels and music publishers hundreds of millions of dollars so the users of its social network can legally include songs in videos they upload, said sources close to the matter.

The posting and viewing of video on Facebook has...

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