Home Business & Finance Facebook Wants to Rival YouTube with User Generated Contents

Facebook Wants to Rival YouTube with User Generated Contents

Facebook has been pushing its video contents for a while now as the social networking giant recently launched its Watch service. While the feature is far from becoming a competitor to YouTube, a recent report by CNBC suggests that the company wants to change that as it is considering creating revenue sharing platform similar to YouTube.

According to the report, Facebook is currently considering creating an ad-sharing model similar to YouTube’s in an attempt to buy rights of different shows. As publishers took a big cut in YouTube during last year, Facebook wants to join the streaming market in an attempt to lure content creators to the platform.

One of CNBC’s sources claimed that in order to accomplish this, the social networking giant will create a complete ad-supported video platform with user generated contents. However, the discussions are still in the early stages and it’s unclear of the company will move forward with the plan. Despite that, as Facebook is pushing its video contents to users’ news feed, it won’t be surprising if the social networking giant creates a direct rival of YouTube going forward.

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