Facebook reportedly building a music streaming service

[Scorpus]

Facebook is apparently not content with just being a social network and ad-supported video provider: the company is reportedly building a streaming music platform that will compete with the likes of Spotify, Rdio, Apple Music, Google Play Music and Microsoft's newly-renamed Groove Music in an ever-growing market.

The first stage of Facebook's music streaming plan is to launch ad-supported music videos, which would see music rights-holders paid for each play of a music video on Facebook. It has also been reported that Facebook will introduce a system similar to YouTube's Content ID for their videos that would help rights-holders get paid when user-uploaded videos feature copyrighted music.

Update: They are reportedly denying it, too.

According to Music Ally, negotiations between Facebook and the music industry regarding music videos are "at an advanced stage", and the platform itself will roll out in the coming months.

The second part of Facebook's music plan is the streaming service itself. The launch date and business model for this service are reportedly still up in the air at this point, although launching a music streaming platform is "very much on Facebook's roadmap" for the coming years.

Rights-holders and Facebook are allegedly waiting to see how the social network's ad-supported video and content ID platform works out before a music streaming deal is negotiated. It's expected that Facebook will build their own platform rather than buy out a rival, although the latter is certainly not out of the question.

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https://www.techspot.com/news/61298-facebook-reportedly-building-music-streaming-service.html

 

[cliffordcooley]

Why not? There is a market and even Zulkerberg can capitalize on selling ads with music.

 

[Skidmarksdeluxe]

I'm sure there are more music streaming services than there is music.

 

[VitalyT]

Will they write music for it too? They are so f. creative...

 

[thelatestmodel]

Problem is, I'm only going to subscribe to ONE music streaming service. There are at least six services that have over 20 million songs each, so they all basically have every song you could want.

It just comes down to exclusivity rights at this point - how much do you want to hear songs by AC/DC or The Beatles, or how much do you want to hear new songs by Taylor Swift, for example.

And to be honest, I don't care. If my service is missing some songs by one artist due to copyright, e.g. The Beatles, I'll just torrent them. I know I'm still supporting the music industry because I'm a subscriber, and I'm sidestepping their copyright bullshit with that particular album or artist.

 

[AnonymousSurfer]

Spotify dominates music streaming, and there's no need to log onto Facebook to listen to music. Especially considering they want to do music videos. Watching music videos to listen to music is a waste of Phone data and I doubt it'll catch on that much.

It'll be like the Windows phone. It does what they claim but nobody will care about it.

 

[Nobina]

They all want to be a standard but since everyone is making one there is no standard. Something like Linux distros and their executables.

 

[Camikazi]

They all want to be a standard but since everyone is making one there is no standard. Something like Linux distros and their executables.

https://xkcd.com/927/ I always liked that comic