Facebook enters movie rentals market with Warner Bros

This has been all over the news today.

$3 to rent a movie or 30 Facebook credits. FB takes a 30% cut.

It’s a big step that marks their entry “e-commerce” market, selling real world goods.

It also follows from FB’s strategy for the past 12 months to “increase the market for virtual credits and goods”, obviously with an aim to sell both virtual and real world goods/services.

If people start giving their credit card details to Facebook as they did with Apple… then the Apple-Google duopoly will very quickly become the the Apple-Google-Facebook triumvirate.

Expect more to come as each of the 3 players above battle it out to create a global marketplace for transactions. Will it be a premium-brand Apple, “open web” Google or social Facebook?

Follow me on Twitter (@feibiangoh)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: