Facebook Introduces Watch, a New Redesigned Video Platform
What: Facebook has unveiled its latest premium video effort called "Watch,"a new platform for shows on Facebook that will be available on mobile, desktop, laptop and in Facebook's TV apps.
Why it matters: Video consumption is growing at a very high rate at the expense of traditional broadcast. Amazon, Google (YouTube) are heavily investing in the video (ad) space. Facebook's Watch will offer programming and content from more than 30 media partners and also more original programming funded by Facebook that will revamp its current video tab.
More and more people enjoy Facebook's video experience, like discovering videos in News Feed. But now, they also yearn a dedicated place they can go to watch videos. For this reason, the social net launched last year the Video tab in the U.S., which offered a predictable place to find videos on Facebook. Now the comany wants to make it even easier and has officially introduced “Watch,” its much-anticipated push into TV-like content.The company didn't specify a date for the launch.
Watch, a new platform for shows on Facebook, will be available on mobile, on desktop and laptop, and in Facebook's TV apps. Shows are made up of episodes — live or recorded — and follow a theme or storyline. To help users keep up with the shows they follow, Watch has a Watchlist to never miss out on the latest episodes.
Watch is personalized to help users discover new shows, organized around what your friends and communities are watching. For example, it has sections like “Most Talked About,” which highlights shows that spark conversation, “What’s Making People Laugh,” which includes shows where many people have used the “Haha” reaction, and “What Friends Are Watching,” which helps users connect with friends about shows they too are following.
Watch will be home to a wide range of shows, from reality to comedy to live sports and platform for all creators and publishers to find an audience and build a community of passionate fans.The new tab will showcase a slew of shows from the likes of BuzzFeed, Tastemade, Condé Nast Entertainment, and ATTN, according to people familiar with the matter.Facebook is also providing a link for those who want to “register” shows for Watch. Although initially it will be introduced to a “limited group of people” and a “limited group of creators.”
At launch, Facebook aims to have several hundred shows on its platform, including the following slate of shows from major partners: A&E's "Bae or Bail," All Def Digital 's "Inside the Office," Brit & Co 's "Tiny Houses," Condé Nast Entertainment's "Virtually Dating," David Lopez's "My Social Media Life," Golden State Warriors' "Championship Rewind," Hearst 's "Daily Refresh," Univision Deportes ' "Liga MX," McClatchy 's " Titletown TX," MLB 's "MLB Live," MLS and Univision Deportes' "MLS en Univision," National Geographic 's "We're Wired that Way," Nas Daily, NBA 's "WNBA All-Access," Tastemade 's "Kitchen Little," Time, Inc. 's "Celeb Moms Get Real," WSL 's "WSL Surfing Sundays."
We hope Watch will be home to a wide range of shows — from reality to comedy to live sports," CEO Mark Zuckerberg said in a Facebook post. "Some will be made by professional creators, and others from regular people in our community."
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