FacebookWatch will begin beta testing in certain markets over the next few weeks, after which a full roll-out is expected later this year.
Founder Mark Zuckerberg hopes that videos produced through the FacebookWatch platform will eventually form communities around them. And it is taking the risk out of the content-creation endeavor for many publishers, either by paying to offset their production costs or offering to license or buy their content outright, people familiar with the arrangements say.
"Shows are made up of episodes -- live or recorded -- that follow a consistent theme or storyline".
Facebook users will be able to see through different sections what are the most talked about shows, what is making people use the "Haha" reaction emoji and what their friends are viewing. The two companies have been communicating with each other via Facebook Messenger and G-Chat. It admits that "we've also funded some shows" as examples. If you like any show, you can just follow the show, and latest episodes will then appear in your Watchlist.
YouTube has already vowed to take down any inappropriate content, and now wants to make its platform a safe space for creators to express themselves, and advertisers to promote their goods or services. If it can drive enough viewers to these shows thanks to its 2 billion total users, Facebook could offer significant revenue-share payouts, attracting better and better content creators.
"In general, the model here feels very YouTube-like, with a subscription model, though Facebook's apps for TV platforms in recent months have signaled the broad structure and interface, with a combination of videos recommended or liked by friends, things you've saved, things that are popular on the platform, and so on", said Jan Dawson of Jackdaw Research.
Nikki Haley on Climate Change: 'It Is Real'
Extreme cold waves, it says , are less common since the 1980s, while extreme heat waves are more common. It details the current state of climate science and known physical effects of climate change .
Snap Inc.'s Slow Second-Quarter Growth Disappoints Wall Street
In Canada and the USA , there were 75 million daily users at the end of last quarter, compared to 71 million in the first quarter. But the firm added just seven million new users in the quarter, compared to eight million in the first three months of the year.
NYPD Officer Shot, Bullet Proof Vest Saved His Life
De Blasio said the wounded cop had a "great attitude" as he lay in his hospital bed and even made light of his situation. After the shots were fired, the suspect then barricaded himself in the backyard of the home, armed with his gun.
Soldiers hit by auto in Paris suburb
Levallois Mayor Patrick Balkany denounced on BFM what he called an "odious attack" and said it was "without a doubt deliberate". He confirmed the vehicle had targeted to the soldiers but added the motive of the attack remained unclear.