Last week we reported that Facebook was upgrading it's streaming services with a new monetization system. Now CNBC is reporting that Facebook has talked to bedia buyers to expand it's video service, "Watch" into a rival to YouTube by opening the platform to more individual creators.
It sounds great in theory. However we may run into a "The devil you know is better than the one you don't" kind of situations. Myself and many others would love for a competitor or alternative to YouTube to show up, I just don't know if I want that competitor to be Facebook.
Facebook wants to create a system where creators can upload their shows for free, then earn a cut of the revenue from ads placed on that content — similar to how YouTube pays its online creators. Another source with knowledge of the situation said Facebook's ultimate goal is to create a sustainable ad-supported video platform, where it won't have to pay for the majority of content.
It sounds great in theory. However we may run into a "The devil you know is better than the one you don't" kind of situations. Myself and many others would love for a competitor or alternative to YouTube to show up, I just don't know if I want that competitor to be Facebook.
Facebook wants to create a system where creators can upload their shows for free, then earn a cut of the revenue from ads placed on that content — similar to how YouTube pays its online creators. Another source with knowledge of the situation said Facebook's ultimate goal is to create a sustainable ad-supported video platform, where it won't have to pay for the majority of content.