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  Economics 
28 of July, 14:50

"VKontakte" caved under Sony Music
Social network "Vkontakte" has signed a settlement agreement with record company Sony Music. The document was signed in court, where he was considered the claim of the American company about the violation of her rights to the music posted in Russian social network.

Considering opinion of experts, this will lead to the creation of paid music services in "Vkontakte". Royalty-free music on social networks for the foreseeable future will not. As informs the newspaper "Vedomosti", a major agreement between Vkontakte and Sony Music signed the Arbitration court of St.-Petersburg and Leningrad region. The result of Sony Music dropped all complaints. It 1 music major, with whom "Vkontakte" were able to agree, the paper notes.

Having reconciled, Sony Music and "Vkontakte" have come to an agreement on the legalization of music in the social network. However, the agreement was signed not with the "Vkontakte" and not with its main shareholder Mail.ru Group, and with United Music Agency (UMA) Oleg Butenko, CEO of "Megalabs" (subsidiary of "MegaFon", which, as Mail.ru Group, controlled by USM holdings Alisher Usmanov).

According to reliable information the publication, "Vkontakte" will eventually upgrade its own music service - will impose a surcharge elements. In mobile music devices will be available exclusively by subscription, and the computer users will be able to listen to music for free, but will have to watch ads.

According to some, the settlement agreement can end and 2 other litigation "Vkontakte" - with Warner Music and Universal Music. American record labels suing "Vkontakte" from spring 2014. They accused the social network of piracy and demanded to stop using without their permission compositions 9 artists, and also to reimburse them 50 million rubles of damage.

sections: Economics

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