Facebook announces a major attack Against YouTube and is preparing to spend colossal sums of money to be able to overtake the company owned by Google. According to some information that appeared during this day, those from Facebook are determined to pay for the music that its users use in the video clips published on the network, something that those from YouTube have been doing for some time already.
Facebook is willing to pay hundreds of millions of dollars to license the rights of record companies over the music played in the videos published through the social network. Although third-party videos published on Facebook do not oblige the company to pay licenses for them, videos published directly through its platform must comply with copyright law, so licenses must be paid.
Facebook constantly receives requests to remove videos published on its network because they violate copyright laws. Facebook wants to start paying licenses for these videos to remain on the network, so it can compete with YouTube, which can host certain videos even if they contain music licensed by record companies.
Facebook announces a major attack against YouTube
Facebook also wants to develop a special system to discover which video clips contain music protected by copyright, in order to delete them or block their publication. In recent years, Facebook has increased interest in video clips published on the network, so that they appear more often in users' News Feeds and the number of views generated monthly is starting to approach that of the YouTube company.
Facebook could also consider launching an audio streaming service for the 2 billion people who use its social network. In this situation, it will have to pay much more money for the listenings generated by users, but it will compete from all points of view with YouTube, this functionality being the only one missing from Facebook's portfolio at the moment.
"Facebook Inc. is offering major record labels and music publishers hundreds of millions of dollars so the users of its social network can legally include songs in videos they upload, according to people familiar with the matter."
Facebook has already launched a platform for viewing movies and TV series, so it has taken the first steps to compete more seriously with YouTube in the coming years. Of course, Facebook has to offer much more to be successful in front of the YouTube company, and music licensing and the launch of an audio streaming system could be the best possible ideas, especially since both are trending at the moment .
