Facebook, Twitter compete for live TV rights

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Are two most power social media platforms vying to make foray into TV? Going by a report by Reuters, it seems yes.

The news agency reported that both Facebook Inc and micro-blogging site Twitter Inc were competing to buy rights to stream conventional TV programming, the Reuters quoted the New York Post.

“Our goal with live video is to work with our partners to move to a sustainable monetisation model quickly. We are not focused on acquiring the rights to conventional TV programs,” the Facebook said in a statement.

Twitter has not commented yet on the news.

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