According to Music Ally reports, Facebook is considering entering the music streaming business. The social media juggernaut is thinking about starting its very own streaming service. Facebook reportedly are in early talks with labels about a potential streaming platform.
Facebook will reportedly expand from their trial run to music videos very soon and plan to follow that up with the launch of an audio music-streaming service to compete with the likes of Spotify, Apple Music and Tidal. The relationship between Facebook and music labels seems like destiny as Ally reports “With Facebook keen for labels to upload full music videos to its service, and labels just as keen to have monetisation in place before they do it, the ad-supported trial may be the key to any music deals.”