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.

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“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.

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Twitter has not commented yet on the news.

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