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Mail.Ru, Universal Music ink content deal

Russianinternet company Mail.Ru Group struck an agreement to license -owned 's audio andvideo content for use on Group's online platforms.

Mail.Ru Group now has licensing agreements with threeinternational music rights holders –– Universal Music Group, and SonyMusic Entertainment, according to a July 15 news release. The deals cover theuse of the licensed recordings on Group-owned social networks ––VKontakte, Odnoklassniki and My World. United Music Agency, which specializesin licensing media content and has contracts with major rights holders, securedthese agreements, according to a July 15 news release.

VKontakte and Universal Music Group have also decided tosettle their outstanding copyright infringement litigation .VKontakte previously concluded settlements with Sony Music and Warner Music.

The agreements apply to music and video content owned by therights holders.