Once again, Facebook is taking note of mistakes made and lessons learned by other companies and tweaking them in a way that looks original, but really isn't.
While it will be launched in the U.S. first, expect it to be launched elsewhere as well.
While people already watch a lot of videos on Facebook, they likely don't think of Facebook as a place to watch video. According to the company, the new platform will be available on mobile, desktop and its TV apps.
Facebook has launched Watch, its own video sharing platform for shows, bringing original content to users.
Live events that bring communities together. The terms too have been made favorable to the producers where Facebook gets to retain 45 percent of the ad revenue while the rest goes to the content producers.
Nas Daily - a daily show featuring 1-minute clips from around the world. Gabby Bernstein, a New York Times bestselling author, uses a combination of recorded and live episodes to connect with her fans and answer questions in real time.
"Watch" will offer programming ranging from professional women's basketball to a safari show and a parenting program.
MLB will broadcast a live blackout-free baseball game every Friday night.
Facebook is starting Watch by testing with a limited group of publishers and creators who are making shows.
There will also be several sports-oriented shows, including Championship Rewind, which is described as a behind-the-scenes story of the Golden State Warriors' 2016-17 championship season.
Among the shows Facebook is paying for are "Returning the Favor", a show about inspiring people starring Mike Rowe, who was the host of "Dirty Jobs". Then there will also be other sections such as "Shows Your Friends Are Watching", "Most Talked About Shows" and so on. It's not very inspiring at the moment, but Facebook has time, and money, to really build something with shows that people might actually watch.
There are sections like "Most Talked About", which will house shows that spark conversation, "What's Making People Laugh", which - as the name suggests - will be amusing shows judged and placed in the section on the basis of the number of "Haha" reaction they garner.
Facebook has officially moved into the video streaming space, announcing the impending launch of its new "Watch" video platform.