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The colossal social media site, Facebook, is looking dip its toes in the growing video streaming market; the social media giant recently announced its own platform called Watch and is now looking to tackle video streaming websites such as Netflix and Youtube. The whole potential of the new streaming website is limitless; the popularity of Facebook can inherently make the Watch a good competition for the existing streaming website.

One caveat that Watch currently carries is its current availability; according to the blog post that Facebook posted on their blog, the Watch will only be available for United States citizens as of writing but rest assured that the expansion is underway.

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What to Watch Out?

The emerging streaming sites that are out to combat the traditional TV are going rampant today as Netflix spearhead the whole new innovation of streaming contents on your screen; now, the famed Facebook is looking to take a piece of the streaming market with its latest addition and expansion, the Watch.

According to Facebook, “Watching video on Facebook has the incredible power to connect people, spark conversation, and foster community. On Facebook, videos are discovered through friends and bring communities together.” This is a big leap for the company; their dedication to bringing good videos and content have let them open Video Tab on Facebook last year, and now this.

On the blog post, Facebook said that watch will be available on the users’ mobile, desktop, and laptop. They also mentioned these possible features that are included in Watch; shows that engage fans and community, live shows that connect directly with fans, shows that follow a narrative arc or have a consistent theme and Live events that bring communities together.

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Watch List

Facebook announced a great arsenal of streams and content that will be available in the Watch, the contents are as follows; Major League Baseball live broadcasts, and the Facebook funded show called Returning Favor. According to recent news some contents and videos from Buzzfeed, Tastemade, Conde Nast Entertainment, and even from ATTN are expected to hit Watch.

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Facebook’s Current Statistics

In an updated statistics report, Facebook currently has over 2.01 billion monthly active Facebook users for June 2017 (Facebook MAUs) which is a 17 percent increase year over year and there are 1.15 billion mobile daily active users (Mobile DAU) for December 2016, an increase of 23 percent year-over-year.

The social media tycoon also features a total of 1.32 billion people on average who log onto Facebook daily active users (Facebook DAU) for June 2017, which represents a 17 percent increase year and 1.74 billion mobile active users (Mobile Facebook MAU) for December 2016 which is an increase of 21% year-over-year.

Imagine that all these users that Facebook have gathered throughout the years; now, the Watch can also capitalize on the huge amount of audience and statistics they have. On the larger scale, these are great figures that can quickly outpace most competition; and when Watch gains more popularity.

The impending success of the Watch can ultimately become another way of income for Facebook; advertisements can be jacked up in the whole new platform and can potentially battle Google on the top spot of revenues in advertisements.

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