CNBC reported today that Facebook is planning to start a music platform on its site. There is a movement right now in which free social media sites are attempting to monetize their services by adding extra features. In some cases it makes perfect sense because the products that they are offering are related to the topic of the site (IMDB or Internet Movie Database now allows you to stream video from their site if you have a paid account). Other sites with broader topics (like Facebook) don’t really know where to focus their energies because people use their site for so many things so they end up creating a service that no one will use. Let’s take a look at one example of a company monetizing content that is relevant and…Facebook.
You Can Rent Movies on YouTube