Facebook isn't just a competitor for YouTube, but also for traditional email data television. Facebook aims to offer TV-worthy content. In the future, Facebook may also compete with Netflix by offering more premium content. For now, the service will be free to use. However, users will have to be aware of advertisements while watching videos, which Facebook will likely tailor to your preferences.
What does Facebook Watch mean for our viewing experience?
With the new tab, we finally have a dedicated place to return to watch our favorite videos. Facebook wants to capitalize on the power of its community, connecting people through video. According to Mark Zuckerberg, this offers opportunities to get people watching actively.
We believe it's possible to rethink a lot of experiences through the lens of building community – including watching video. Watching a show doesn't have to be passive. It can be a chance to share an experience and bring people together who care about the same things. – Mark Zuckerberg
Facebook says it prioritizes user experience when placing video ads. However, Facebook will place ads of approximately 15 seconds in the middle of the videos we watch .
How to Earn Money on Facebook Watch as a Creator
Facebook is currently testing mid-roll ads in the US , where creators receive 55 percent of the mid-roll ad revenue. If you're reasonably successful with your videos on YouTube, you can choose to become active on Facebook. The requirements for earning are a minimum of four minutes of live video viewing, at least 300 live viewers, and 2,000 followers.
Do you have this? Then you can add a commercial break to your live videos. Every five minutes, you can run a commercial break of up to 15 seconds. Your viewers won't be able to skip this ad. Even after the live video ends, you can still earn money with your videos. This gives you the opportunity to monetize your shows. Facebook also offers options for tracking your video statistics. Besides the revenue you can earn, creating shows is, of course, a great way to reach your loyal customers and provide them with weekly video content wrapped in a storyline.