Facebook has acquired a content rights startup called Source3 to help fight video pirates
Facebook has had a lot of issues with pirated content in the past, and it has been two years since the company first announced “Rights Manager,” technology to detect and remove video clips shared by people who don’t have rights to the video. YouTube offers something similar, though more advanced, called Content ID.
In April, Facebook added another option for rights holders: Leave the content up, and make money off the views that these pirates are generating for you.
Given the acquisition of Source3, it’s clear that Facebook hasn’t yet perfected its rights management technology. The company would ultimately like to be home to lots of professionally produced video, which is why it’s paying publishers and movie studios to make videos exclusively for the social network.
Update: This isn’t the first time Source3’s founders, Patrick Sullivan and Ben Cockerham have sold a content rights startup. They sold their previous company — RightsFlow, which focused on music IP — to Google back in 2011.
See the full story here: https://www.recode.net/2017/7/24/16021448/facebook-acquisition-source3-video-rights-management-ip