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Facebook Planning Music Streaming Service to Compete With Apple Music and Others [Updated]

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Facebook is in the early stages of planning a dedicated music streaming service, with the intention of competing against the just-released Apple Music along with other industry heavyweights like Spotify and Rdio (via Music Ally).

A few reports earlier in the month tied the company to record labels with the idea of creating an ad-supported native video service, but according to sources speaking to Music Ally off the record, the bigger picture is to build an in-house music streaming service for Facebook users across the globe.
Sources told Music Ally that talks for the music-video side of things are at an advanced stage, with a rollout expected to happen in the next few months.

It's Facebook's plans to build on this with a Spotify-style audio streaming service that are making waves within the music industry, even though the launch date and specifics of the business model and payout formula have yet to be nailed down. Sources have told Music Ally that an audio service is very much on Facebook's roadmap, but that both the social network and rightsholders realise that it has to get the monetised-video service right first.
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Given Facebook's history of acquiring various technology companies into itself -- Oculus, Instagram, WhatsApp -- it's easy to see the social media giant doing the same in attempting to build its own streaming service. All the same, Music Ally's sources suggest Facebook wants to "build rather than buy," but at this point nothing is "set in stone."

Competition in the music streaming business is beginning to heat up with the launch of Apple Music. Just yesterday, Spotify began encouraging customers to cancel their subscriptions made through the App Store and to sign up again on its website to save $3.

Update 9:36 AM: A Facebook spokesperson tells The Verge the company has "no plans to go into music streaming."

Article Link: Facebook Planning Music Streaming Service to Compete With Apple Music and Others [Updated]
 
Article Link
https://www.macrumors.com/2015/07/09/facebook-planning-music-streaming/
This is much more likely to be a legitimate competitor to Apple Music that Spotify. How many people use Facebook every day? I guess the future will Google Play Music, Apple Music and Facebook Music.
 
Just like there used to be lots of record stores, both mom and pop and chains, but now they are all but gone, there is little need for yet another streaming music source. Even if they try to use Facebook personal data to drive music selection, it's still music that is available via any number of other outlets.

I understand that they have to spend money to try to keep FB relevant, but this just seems like another me-too thing coming late to the party.
 
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Rogifan said:
Facebook wants to be the new AOL. Their ultimate goal is to get people to never leave their walled garden. i suspect we'll see a YouTube competitor along with streaming music.
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I keep thinking that Facebook will one day go the way that AOL did go, into oblivion. Eventually, there will be something new to come along just as there was when everyone was once using MySpace.
 
Hog Milanese said:
For the love of God, Millennials. Buy your music already.
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Millenials in general are kinda poor and there is more music coming out faster than ever before. If you appreciate a wide variety of music you don't want to let local radio stations curate it for you. I like Taylor Swift fine but I also like Vampire Weekend and I never would have heard them on my local radio stations.

Not to mention, at this point there is a massive amount of quality music for young people to catch up on. The Beatles Box Set is $150.00 on iTunes. It's cool that older generations have been been able to accumulate music for years and years but a child born today (if they appreciate older music) will have to go back and spend thousands to buy music from The Beatles, Led Zeppelin, Tupac, The Ramones, Tom Petty, Daft Punk, The Strokes, and so on. Not to mention, they have to keep up with an ever increasing amount of new music.

I feel like people from older generations are constantly saying, "our music was so much better than this crap." The reality is that they are listening to Bruno Mars new radio hit about Guerrillas or some new Katy Perry song. They've never heard of groups like Tame Impala. I'm not trying to be a music snob, to each his own as far as taste, but the point is that if you are into music today then there is just way too much of it, both built up over time and coming too fast for us to buy everything that is worthwhile.
 
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Facebook is so terrible. Maybe before worrying about a streaming service they could just fix my newsfeed. It seems to think it knows what I want to see instead of just showing the most recent posts. I'd really just prefer if another social network would come out and do it better.
 
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zuck psa: just give up on the sinking ship already - focus on your oculus acquisition 110%. you KNOW it's all you'll have in 5-10 years (and you have to be slightly embarrassed that the over-40 crowd is what's keeping you afloat), $o make. oculu$. perfect.
 
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Gary03mw said:
Millenials in general are kinda poor and there is more music coming out faster than ever before. If you appreciate a wide variety of music you don't want to let local radio stations curate it for you. I like Taylor Swift fine but I also like Vampire Weekend and I never would have heard them on my local radio stations.

Not to mention, at this point there is a massive amount of quality music for young people to catch up on. The Beatles Box Set is $150.00 on iTunes. It's cool that older generations have been been able to accumulate music for years and years but a child born today (if they appreciate older music) will have to go back and spend thousands to buy music from The Beatles, Led Zeppelin, Tupac, The Ramones, Tom Petty, Daft Punk, The Strokes, and so on. Not to mention, they have to keep up with an ever increasing amount of new music.

I feel like people from older generations are constantly saying, "our music was so much better than this crap." The reality is that they are listening to Bruno Mars new radio hit about Guerrillas or some new Katy Perry song. They've never heard of groups like Tame Impala. I'm not trying to be a music snob, to each his own as far as taste, but the point is that if you are into music today then there is just way too much of it, both built up over time and coming too fast for us to buy everything that is worthwhile.
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Not to mention a lot of new music is just remake of music from the older generations :)
 
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unplugme71 said:
Not to mention a lot of new music is just remake of music from the older generations :)
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Oh no doubt... The vast majority is at least in some way inspired by music that came before it.

That said, there are plenty of times when I'd take the newer band over the older (and vice versa). The Killers over Duran Duran for instance.
 
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