Facebook acquires Source3
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Facebook has big plans for content creators who want to monetize their art through the social network's News Feed. Since piracy is always an issue when trying to come up with a monetization solution for digital artists, Facebook needs to be able to take care of this potential problem. Source3, its latest acquisition, is a content rights management startup whose expertise might come in handy.
According to the message currently displayed on Source3's website, "We're excited to bring our IP, trademark and copyright expertise to the team at Facebook and serve their global community of two billion people, who consume content, music, videos and other IP every day."
Source3 has managed to build an end-to-end platform that manages online IP and establishes relationships with brands. Back in 2014, when they launched, Source3 focused on 3D content. Now, Facebook has big plans for this technology and the team behind it and we only need to wait and see what happens next.