For catering the needs of mobile app users Facebook has launched the new “Watch “Video Streaming Service Tab in its efforts to take on Youtube video streaming service.

The new Facebook Watch will be available for all the mobile, desktop and Facebook’s TV apps.

Facebook has joined hands with different content producing companies to create original content which users will soon be able to access on the Watch tab.

The deal with Facebook and content producing companies will offer 45 percent revenue to Facebook while the 55 percent will go in the account of content producing companies.

Facebook said that people love to watch different videos of it platform and the new service will offer them to watch and discover videos through our NewsFeed.

The Facebook “Watch” will starting roll out in the US with a few dozen shows on 11th August, but it will finally e available worldwide soon and feature thousands of series.
The Facebook Watch feature will be like the Netflix platform to some extent that it will provide modified suggestions and will offer new shows and video content to the users, live and recorded based on the what their friends and community are watching.

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