Facebook is apparently not content with just being a social network and ad-supported video provider: the company is reportedly building a streaming music platform that will compete with the likes of Spotify, Rdio, Apple Music, Google Play Music and Microsoft’s newly-renamed Groove Music in an ever-growing market.
The first stage of Facebook’s music streaming plan is to launch ad-supported music videos, which would see music rights-holders paid for each play of a music video on Facebook. It has also been reported that Facebook will introduce a system similar to YouTube’s Content ID for their videos that would help rights-holders get paid when user-uploaded videos feature copyrighted music.
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