Today Facebook releases something brand new
Thursday 30 August 2018
Facebook will roll out the world wide video service, the company announced Wednesday.
The service has been available in the United States for over a year and the plan was all the way that it should eventually be rolled out globally.
The watch library will consist of a mix of entertainment and serious content, according to Facebook.
“We designed this product not only for thoughtless consumption, but also to make people get involved,” says Fidji Simo, Facebook’s video director.
The power service is being launched at a time when consumers move away from traditional linear TV, and also use streaming services like Netflix and HBO or video services like YouTube.
In the last year, Facebook has been working to expand its video library with its own TV productions and announced this week that they will also introduce new formats like interactive competition programs, quizzes and polls.
The announcement that the service is rolled out globally comes two weeks after Facebook secured the rights to send Spanish Elite Series in India and European Championship matches in Latin America.
However, most of the content will be user-generated, and the service is more compared to YouTube than Netflix.
– Content funded by us is a very small percentage of the content available at Watch, says Simo.