Facebook Is Expected to Unveil Media-Sharing Service

The New York Times (Sep 18 2011)

1. For cloud-based digital music services like Spotify and Rhapsody, which stream millions of songs but have struggled to sign up large numbers of paying users, being friended by Facebook could prove to be a mixed blessing. Enlarge This Image Jim Wilson/The New York Times David Hyman, the founder and and chief executive of MOG, an online music service that will be part of a new Facebook media platform. This week, according to numerous media and technology executives, Facebook will unveil a media platform that will allow people to easily share their favorite music, television shows and movies, effectively making the basic profile page a primary entertainment hub. Facebook, which has more than 750 million users, has not revealed its plans, but the company is widely expected to announce the service at its F8 developers’ conference in San Francisco on Thursday. (Read Full Article)

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