Facebook Watch which is an on-demand service to discover videos
across the social network is witnessing more than 1.25 billion people discover
and share videos from millions of creators and publishers.
Since its launch
in 2018, Facebook
Watch which is an on-demand service to discover videos across the social
network is witnessing more than 1.25 billion people discover and share videos
from millions of creators and publishers.
However, the last
few months have been tough for many creators and businesses owing to the
pandemic.
"To help our
partners, we are continuing to build new tools so they can diversify their
revenue and expand their presence on Facebook," Paresh Rajwat, Head of
Video Products, said in a blog post on Thursday.
With growing
demand to connect around music on Facebook, the company has introduced music
videos in Watch to everyone in the US, India and Thailand.
Last month, Katy
Perry debuted her new music video "Smile," the title track of her
just released fifth album, exclusively on Facebook to millions of fans.
"We recently
launched paid online events to make it easy to create an online event, set a
price, promote the event, collect payment and host the event, all in one
place," Rajwat said.
To support small
businesses and creators, Facebook has announced not to collect any fees from
paid online events for at least the next year.
"We've
expanded availability of fan subscriptions and Stars so fans can support their
favorite creators, and in-stream ads continue to evolve, making it easier to
monetise more types of videos with ads," Facebook said.
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