News of Facebook looking for content partners and talking to studios in Hollywood have been doing the rounds, Talk Radio 702’s Stephen Grootes asked me what the implications are. In my opinion, this is an opportunity for Facebook because people already consume more video in general across the web and longer videos at that.
The obvious growth of advertising revenue for the platform would mean that they get more into the space that YouTube has come to perfect over the years and more time will be spent on Facebook than anywhere else. This also increases the likelihood that Netflix might also feel the pinch if great quality content is produced for Facebook and competes for dwindling attention spans.
There is no lack of content, even great quality content which tends to rise above the noise and near data that comes our way. The challenge for anyone competing with Facebook or another influential social media platform is the fact that there are friends we trust using the platforms that we active on.
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