Now Facebook is considering going after another piece of YouTubes signature turf: music videos.
Facebook would share advertising revenue with the labels according to terms that have not yet been set.
Facebook has declined to comment on its video plans, which were first reported in detail by Billboard.
We have no plans to go into music streaming, a Facebook representative said.
Facebooks plans are said to still be in an early stage.
Music is just the latest video-related frontier for Facebook.
It has also encouraged its users to upload their own videos.
Warner Music, the third major music label, is not a part of Vevo.
Universal, Sony and Warner Music declined to talk about the discussions with Facebook.
A link allows the listener to purchase selected material via partner retailers.
The social online grid has made its video ambitions quite clear.
More than 75 percent of those views were by people using mobile devices.
That interest seems to be paying off for Facebook.
That figure was 59 percent a year ago.
A shift into music videos would make more sense for Zuckerbergs company.
source: www.techworm.net
