Published 2015-07-02 15:10
Mark Zuckerberg and Facebook are showing interest to compete in the music industry.
Facebook is aiming for the music industry. Talks on cooperation conducted with several of the world’s largest record company, writes The Verge.
Facebook is aiming for the music industry. Talks on cooperation conducted with several of the world’s largest record company, writes The Verge.
streaming services for music, like Spotify, tidal and Apple Music can come face direct competition from another power actor. Facebook, with over one billion users daily, show interest in investing in the music market.
Facebook has started talks with record labels such as Sony Music Entertainment, Universal Music Group and Warner Music Group, according to The Verge. The talks will be in the initial stage but exactly what the talks revolve around is still unclear.
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Facebook has declined to comment on the findings and, according to The Verge is not a plan ready for music venture. Sources say, however, that the investment is linked to Facebook’s new video platform.
Daniel Ek, Spotify’s CEO, commented in a DN interview recently the increasingly fierce competition, the music service will meet from players like Apple, Facebook and Google.
– There is probably not a single Internet companies today that are not already competing with these Internet companies. But our focus is a bit different. Firstly, we are first and foremost music, the second is the quality of the video, where we consciously chosen not to work with user-generated material, but only high-quality materials, said Daniel Ek.
Read more: “Video The focus will be very tough for Spotify”
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