Facebook Eyes Music-Streaming Service (Report)

Sources told Eamonn Forde of Music Ally this is indeed the case, adding that the timing is unsure, as the social network wants to solidify a system where it pays music rightsholders for the rights to play their videos.

According to Music Ally, Facebook plans to launch a system similar to YouTube’s Content ID to help rightsholders identify their music videos and either order that they be removed from the social network or begin collecting associated ad revenues.

One source told Music Ally:

It’s a mass land grab.