Facebook Develops Video Content and Challenges YouTube, TV
Facebook on Wednesday made its biggest move to date to compete in the television market by expanding its video offerings with programming ranging from professional women's basketball to a safari show and a parenting program, the Fortune reports.
The redesigned product, called "Watch," will be available initially to a limited group in the United States on Facebook's mobile app, website and television apps, the company said.
The world's largest social network added a video tab last year, and it has been dropping hints for months that it wanted to become a source of original and well-produced videos, rather than just shows made by users.
Reuters reported in May that Facebook had signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to produce shows, both scripted and unscripted.
Daniel Danker, Facebook's product director, said in a statement on Wednesday: "We've learned that people like the serendipity of discovering videos in News Feed, but they also want a dedicated place they can go to watch videos."
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