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FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic. BENGALURU (Reuters) - Facebook Inc has signed a global licensing deal with one of India’s largest music labels, allowing users to choose from a large catalogue of Bollywood music for their Facebook and Instagram posts, the music company said on Wednesday. Shares of Saregama India Ltd shot up 20% on the deal. The music company, which did not disclose the financial details of the deal, said Facebook and Instagram users can now add music from Saregama’s catalogue of more than 100,000 songs spanning 25 languages to their posts and “stories”. The Kolkata-based company, which ... Full story

3 June