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After the success of Spotify and the pompous arrival of Apple Music, it is now almost clear that the future of music distribution lies in the field of streaming. This major transformation of the music industry naturally brings with it new opportunities, and the big tech companies want to seize them. Google, Microsoft and Apple already have their own music service, and according to the latest news, another technological and commercial giant - Facebook - is about to start conquering this market.

According to server reports Musically is Facebook in its early stages planning own music services. Mark Zuckerberg's company has been in talks with music labels for a long time, but until now it was thought that the talks were more related to Facebook's efforts to compete with Google and its video portal YouTube in the ad-laden music video market. According to reports Musically however, Facebook does not want to stop there and intends to compete with Spotify et al.

There has also been speculation that Facebook would go down a similar path to Apple, buying an existing music service and just remaking it in its own image. In connection with this assumption, the name of the company Rdio, which is also quite popular in our country, is most often mentioned. Server Musically however, he writes that although nothing has been decided yet, it currently looks more like the option that Facebook would create its own music service from the ground up.

So it looks like another interesting item has been added to Facebook's plans, which could expand the reach and influence of this social network in another direction. Currently, however, the main priority of the company and its shareholders is the introduction of the already mentioned videos loaded with advertising, which is an area that appears to be very lucrative.

Source: Musically
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