Facebook, which had 2.7 billion monthly active users in the last quarter, said it inked deals with Sony Music Group, Universal Music Group, Warner Music Group among others. (https://bit.ly/3hTXY0D)

Universal as a group is home to Taylor Swift, Lady Gaga and Post Malone, while Sony's big names include Beyonce, Mariah Carey and Alicia Keyes. All the three music houses boast a host of back catalogues.

Bloomberg News first reported the news earlier on Friday.

(Reporting by Neha Malara and Radhika Anilkumar in Bengaluru; editing by Patrick Graham and Maju Samuel)