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Wednesday, 21 September 2011 - Exclusive: Facebook seeks exec to build Hollywood, media ties |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? 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The vehicle, developed at the city's Free University, negotiated traffic lights and intersections with the help of cameras and a laptop.  Video  Skin strengthened with spider silk can stop a bullet Holiday battle begins with “Gears 3” Follow Reuters Facebook Twitter RSS YouTube Read World Atlas ice loss claim exaggerated: scientists 19 Sep 2011 Record 27.7 million watch "Men" bury Charlie Sheen 1:28pm EDT Defunct NASA satellite to crash to Earth this week 19 Sep 2011 In UN week, Saudi says to ease Palestinian crisis 19 Sep 2011 Scientists find way to "disarm" AIDS virus 19 Sep 2011 Discussed 131 Obama to propose $3 trillion in deficit cuts 74 Geithner’s ”succinct” message irks Europeans 51 New York meetings open to avert Palestinian crisis Watched Scarlett's naked pics, Tyler Perry is highest paid Wed, Sep 14 2011 Singapore scientists create world's smallest gear Mon, Sep 19 2011 Series of earthquakes hit Guatemala Mon, Sep 19 2011 Exclusive: Facebook seeks exec to build Hollywood, media ties Tweet Share this Email Print Related News Netflix splits DVD and streaming services Mon, Sep 19 2011 Hulu sale at risk even as new bids are due Fri, Sep 16 2011 Netflix lowers U.S. subscriber forecast; shares fall Thu, Sep 15 2011 Groupon IPO back on track: report Thu, Sep 15 2011 Third Point appeals to Yahoo founder Yang for change Wed, Sep 14 2011 Analysis & Opinion What Rupert did Brace yourselves: (former?) video titan takes aim at Netflix Related Topics Entertainment » Fashion » Technology » Media » Facebook » The Facebook logo is shown at Facebook headquarters in Palo Alto, California May 26, 2010. Credit: Reuters/Robert Galbraith By Alexei Oreskovic SAN FRANCISCO | Tue Sep 20, 2011 2:30pm EDT SAN FRANCISCO (Reuters) - Facebook is looking to hire a big-name executive to cultivate relationships and strike deals with the film and music industries to bolster its media offerings. In recent months, Facebook had discussions with former MySpace co-President and former MTV executive Jason Hirschhorn about a job spearheading the company's outreach to media companies, according to several people familiar with the situation. While the talks do not appear to have gone anywhere, and it wasn't clear whether Facebook had approached others about the position, the efforts signal Facebook's intention to take a more hands-on approach in helping media companies bring their content to the social network. "They had held the media industry at arm's length for a while. It was: 'We are a platform, come use us all you want but we don't necessarily need to partner with you.' But now the attitude has changed," said one of the people familiar with the situation. "They realize that one of the next phases in its evolution is to work with the media companies," the person added. Facebook and Hirschhorn both declined to comment. Facebook's media push comes as the company faces fresh competition from Google Inc, which launched a rival social networking service in June. Twitter recruited former Creative Artists Agency executive Omid Ashtari to be its "L.A. person" last November, according to a report in AllThingsD.com, and the company recently appointed Chloe Sladden to a new role overseeing content and programing efforts. "The view is they're looking at Twitter and Google and their outreach to the media community and they don't want to fall behind the curve," the source said. "They don't want the media companies to think they're uninterested." Facebook has gradually gotten closer to the media world, with Chief Operating Office Sheryl Sandberg joining the Walt Disney Co board of directors in December 2009, and Netflix Inc Chief Executive Reed Hastings taking a seat on Facebook's board in June. Several movie studios have released movies that can be rented and viewed on Facebook this year, including Warner Brothers' "Dark Knight" and Universal Pictures' "Big Lebowski." Facebook was aggressively exploring recruiting a media point-person a few months ago, but has since shifted its attention to other strategic priorities, the sources said. But with the company increasingly interested in making media a key part of the social network, people expect the search to pick up again soon. THE GAMING LESSON Facebook's media ambitions will be on display on Thursday at its annual developer conference in San Francisco, where the company is expected to unveil new music features. The music platform will integrate streaming music services from companies including Spotify, Rhapsody and Rdio, directly into users' home pages, said several other people familiar with the situation. Facebook users who subscribe to the music services will be able to share songs and playlists with each other and see what their friends are listening to, the people said. Facebook will also unveil new flavors of its "Like" button at the event, allowing users to flag Web pages or other online content with specific recommendations, such as "Read," "Watched" or "Listened," according to a source with knowledge of the matter. For Facebook, building a deeper integration with music, movies and other media into its service makes it more likely that users will spend more time on its site, allowing the company to generate more advertising dollars. Media also fits well with Facebook Credits, the payment system that Facebook has introduced for its users to buy digital goods on its site. Facebook takes a 30 percent cut of transactions using Facebook Credits. The template for Facebook's media push is social games, which more than 200 million of its users play on the website every month. Companies like Zynga and Electronic Arts Inc's Playfish have built successful businesses developing social games that can be played on Facebook. But recreating that magic with the media industry could be trickier. While technology-savvy social game companies are adept at quickly creating products that shine on various "platforms," such as social networks or smartphone applications, traditional content providers don't possess the same kinds of expertise, said another person familiar with the situation. "You can't just drop platforms in Hollywood," the person said. "They make content well," he said. But, he noted, creating media that really shines on a social networking platform requires hand-holding. (Reporting by Alexei Oreskovic; Additional reporting by Peter Lauria and Yinka Adegoke in New York; Editing by Richard Chang) Entertainment Fashion Technology Media Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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