New Delhi: Online music streaming services are apparently set for a tougher competition with Facebook as the world’s largest social network is said to be working on its own music streaming service.
With reports that the social network is tying up with music labels for the trial of its ad-supported native videos, it isn’t hard to assume that it could soon be expanding the trial to music videos as well.
A report on Music Ally notes that the purported subscription-based service will compete with the likes of Spotify and Apple Music.
Before the music streaming service takes off, Facebook will initially focus on getting the video platform rolled out in the coming months. The company will pay royalties to music rightsholders for their music videos played on the site
Facebook is likely to go for the same route as with WhatsApp and Instagram, where it chose to purchase an established service rather than building its own.
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