Both YouTube, Spotify and Apple Music can get unexpected competition from the social media giant.
Facing Sepide wedges for devout Music newsletter, so is a new IT-juggernaut on its way into the booming music-streamingmarked. A month after that sværvægteren Apple contracted streamingscenen chop Facebook on a similar service.
The actual service rumored to go both Spotify and Apple Music in beds with free music buffet to a fixed monthly payment.
The streaming will work in conjunction with a second approach Facebook has on the table: streaming and hostning of advertising-funded music videos-a counterpart to YouTube/Vevo interaction.
First video, so music
Exactly how Facebook’s music service will shape it and when it will debut is unknown, but Music Ally’s anonymous source explains that Facebook’s music project will come in two phases: first of all, Facebook music videos rolled out within a few months, while streaming will debut at a later time.
Facebook’s music dreams raises questions: will the social giant develop its own service or instead buy one of the already established operators?
With bulk buying for a total of 140 billion dollars for messaging service Whatsapp, VR developers Oculus VR and the social photo service Instagram, fear Facebook not to invest staggering sums in established actors.
Music Ally’s sources here expect that Facebook would prefer to develop their own solution rather than paying it to an already existing service. A decision that will stand in contrast to Apple’s purchase of the Beats streaming service for a 20-billion-a year ahead of the launch of the Apple Music.
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