In a bid to lure more content creators on its platform Facebook has acquired a content rights startup dubbed as Source3 to help protect content, which content creators produce, from piracy.
Social media company announced last month at VidCon that it will develop an app to curb piracy. The main aim of Facebook is to help content creators to monetize their work without concerning themselves over content piracy.
Piracy is a very big issue on social sites that is why social media companies such as Facebook are trying to degrade pirates from its platform. The content rights startup Source3 will build a feature that will help content creators to fingerprint their videos just like YouTube offers its users.
Moreover, the features will allow Facebook content creators to block their videos which someone has uploaded on Facebook without their permission. Additionally, the content creators can also collect revenue from the unauthorized uploaded content. Source3 will increase the capacity of Facebook’s Rights Manager software.
The company Source3 has posted a statement on its website which reads,
“Source3 wanted to let everyone know that we’ve decided to continue our journey with Facebook. We’re excited to bring our IP, trademark and copyright expertise to the team at Facebook and serve their global community of two billion people, who consume content, music, videos and other IP every day.”
Furthermore, a spokesperson for Facebook while talking to a media outlet named Recode said, “We’re excited to work with the Source3 team and learn from the expertise they’ve built in intellectual property, trademarks, and copyright.”
Moving onward, the company has also announced that it will be launching a new system in October, helping media companies to increase the revenues by charging the readers who read their articles on the social site.