Warner Brothers Entertainment announced yesterday that they will begin distributing movies for sale and rent through Facebook. Users can pay the standard $3 fee to rent a movie, or use 30 Facebook credits. The company will begin competing with the top video rental providers such as Apple, Netflix and Hulu. Nearly half of Americans use Facebook. In fact, 42.3% of Americans were using the social network site this month. What will video providers like Apple and Hulu do to compete with such a powerful company? Will Facebook ultimately create a monopoly over other markets as they continue to expand? What do you think is next for Facebook?
Watch the first movie rental on Facebook, "The Dark Knight" here.
Source: AdAge.com
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