Facebook is going to introduce its new social network named ‘Watch’ – a potential competitor for YouTube – which will be rolled out to a limited number of content creators and users in the U.S. initially.
Recently, YouTube has introduced its full-fledged messaging and video sharing service in its mobile app.
There have been several rumors about Facebook getting into TV-like shows, but this announcement has been termed by the tech specialists as a YouTube-like social network.
The exact dates for the release haven’t been announced yet, but the seasoned tech blog TechCrunch has revealed that Watch will be available for certain users in the US starting today.
The Watch tab will be a new platform for shows on Facebook, which is extremely easy to use allowing you to discover and watch videos out of your own feed, create watchlists, and subscribe to your favourite shows.
The content creators who will produce videos for Watch exclusively will get a 55% share of ad break revenue while the rest will go to Facebook, according to TechCrunch.
Talking to the media after the last posting last quarterly profits, Facebook Chief Operating Officer Sheryl Sandberg said,
“We are making some early investments to create episodic content.”