Facebook is competing YouTube for music videos and many other contents that has copyrights of the songs, videos and others. According to the report, Bloomberg reported that the cold battle between the social network app Facebook and YouTube for copyrights content.
Facebook offers music publishers to retain the copyrights over the music and videos uploaded by the users, on that the company will spend millions of dollars. On the other hand, the company is managing and focusing on the copyright holders interests.
Facebook is taking to managing the videos content differentiating the copyright contents. Google is already working for the copyright holders by the landmark Content ID system. The other rivals YouTube and other social network are allow to upload the valid content. We heard the rumors about the Facebook is negotiating to the music publishers around the world. Facebook is actually redesigning its video programming tab with publisher and its users.
The company CEO Mark Zuckerberg is planning to step forward with the online videos and is expecting that the next year company will earn more from the video channels. By protecting the copyright holders, the company is securing the competition with YouTube and other online video streaming channels. The company has potential to beat the competition with big publishers in the world and can create big platform for the online videos. Facebook Chief Executive Officer Mark Zuckerberg said:
On the company’s second-quarter earnings call that for the next few years video will drive Facebook’s business and determine how well the company performs. He told investors to expect the company to continue to increase its investment in the format, as it sees video sharing overtaking text and photo sharing in the future.