Facebook acquires content rights startup Source3

by Jenna Deeley-SmithJuly 27, 2017

Social network Facebook has acquired US-based startup Source3 – a platform for end-to-end management of intellectual property in user-generated content (UGC) – in order to help it tackle piracy issues.

Recode.net reported that Facebook will acquire the group’s technology and some of the team behind Source3 in order to help it clamp down on users who share pirated videos and other content without permission.

“We’re excited to work with the Source3 team and learn from the expertise they’ve built in intellectual property, trademarks and copyright,” a Facebook spokesperson said in a statement shared with Recode. “As always, we are focused on ensuring we serve our partners well.”

“We’re joining Facebook,” Source3 said on its website.

“At Source3, we set out to recognize, organize and analyze branded intellectual property in user-generated content, and we are proud to have identified products across a variety of areas including sports, music, entertainment and fashion. Along the way, we built an end-to-end platform to manage online IP and establish relationships with brands.

“Today, we wanted to let everyone know that we’ve decided to continue our journey with Facebook. We’re excited to bring our IP, trademark and copyright expertise to the team at Facebook and serve their global community of two billion people, who consume content, music, videos and other IP every day,” it said.

 

Source: https://businesstech.co.za/news/internet/187773/facebook-acquires-content-rights-startup-source3/

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Jenna Deeley-Smith