Can Facebook Compete with Netflix and Hulu?
Today, Warner Brothers Digital Distribution announced that Facebook users will soon be able to stream "The Dark Knight" through the studio's Facebook page. Further, the studio announced its intent to make many other movies available through Facebook streaming over the coming months.
Viewers (i.e., Facebook members) will be able to view WB titles for a cost of $3, which will only be available for 48 hours. The $3 cost is apparently equal to 30 Facebook credits, sales from which Facebook takes a 30% cut.
This move could potentially put Facebook in direct competition with companies such as Hulu and Netflix. Despite Facebook's massive user base, Netflix seems well positioned to face any challenges. Last January, Netflix reported 63% annual growth, and claims to have 6% of the U.S. population as subscribers.
If you have questions regarding intellectual property, licensing, or business franchising and ventures, contact an attorney with Wood, Atter & Wolf, P.A., or call (904) 355-8888 / 1 (800) 737-9376.
