Updated 7/2/2015: Facebook has launched a video monetization program.
Facebook is one of the last major social networks that hasn’t launched a misguided attempt to enter the music space. But it looks like Facebook Music could be just around the corner…
Multiple sources have told The Verge that Facebook has been in talks with the major labels. However, sources say that Facebook doesn’t know what they want to do that yet.
Sources said Facebook wants to do something “unique”, and one source said that may involve video.
Remember what happened to Snapchat when their music negotiations with Sony leaked? Snapchat’s CEO wrote a public note saying the leak wasn’t fair and their desire to make money on music should have been private until they were good and ready. Hopefully Facebook handles this better.
Nina Ulloa covers breaking news, tech, and more: @nine_u
Photo from Flickr by Sean MacEntee used with the Creative Commons License.