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Is Facebook Watch the New Netflix? The Next Evolution of Video Content

Is Facebook Watch the New Netflix? The Next Evolution of Video Content

It's the era of binge-watching, and almost everyone is guilty of getting sucked into episode after episode... after episode. Heck, some on-demand viewing platforms even start playing the next episode for you! Primetime shows are losing real-time viewership to the far more convenient on-demand viewing options out there today. Netflix, Hulu, Google Play and Amazon Prime all stream through almost every device you can imagine. And with 100 million hours of video watched on Facebook every day, it's not surprising that Facebook and its billion users are ready for the next phase.

Introducing, Facebook Watch.

While you probably come across dozens of videos on your Facebook News Feed each day – especially ads and shared content – you might not have noticed that there's a tab on the upper lefthand side of your Facebook homepage that reads "Watch."

Video will be a much bigger driver of what we’ll do over the next 2-3 years than Messenger and WhatsApp.

 - Mark Zuckerberg predicted in July of 2017

Long story short, video has flooded the News Feed. It has become so increasingly successful and engaging that the cutting-edge team at Facebook decided to create a designated place for users to watch videos. Thus, Facebook Watch was born, allowing users to easily locate, binge and bookmark the shows they love. It started with a soft launch to a limited group of users in August.

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Facebook realizes that they have an already captive audience and they have plans to spend a billion dollars in 2017 and 2018 to create original content that will appear on this new content network.

Watch is designed for mobile, laptop, and TV apps and is comprised of episodes — live or recorded. There's also a Watchlist so you never miss out on the latest episodes to complete your binge.

"Watch represents Facebook's push into the market of professional, episodic video, a move that pits the social network against more established players in the space like Netflix and YouTube."

- Business Insider

I like to think of it as a combination of Netflix and Youtube, actually. You can personalize your account and discover shows, while also being able to engage with videos by leaving comments. The best part about the personalization of this tool is that it makes recommendations based on your interests (just like Netflix and YouTube), opening the door to discovering new shows, organized around what your Facebook friends and communities are watching.

Facebook has already started partnering up with some notable content creators. Here's a rundown of some of their original shows, that was originally curated by TechCrunch:

  • Tastemade’s Kitchen Little – This cooking show sees kids watch a how-to recipe video, then instruct a pro chef how to make the dish with comedic results
  • Major League Baseball – The MLB will broadcast one game a week live on Facebook
  • Major League Baseball “12:25 Live” – A comedic look at baseball with help from the fans
  • Returning the Favor – Mike Rowe finds people who’ve done great things for their community and gives them a special experience in return
  • Nas Daily – Vlogger Nas makes videos with his biggest friends each day
  • Gabby Bernstein – Motivational speaker and author answers fans’ life questions in live and recorded segments
  • A&E’s “Bae or Bail:” – Reality TV game show where couples face their fears and see who runs
  • All Def Digital’s “Inside the Office” – A look inside the office life at Russel Simmons’ hip-hop media empire
  • Billboard’s “How it Went Down” – A documentary series of musicians sharing crazy stories
  • David Lopez’s “My Social Media Life” – A reality show about the social media star’s life
  • Golden State Warriors’ “Championship Rewind” – A behind-the-scenes look at the Bay Area’s NBA championship 2016-2017 season
  • Univision Deportes’ “Liga MX” – Live coverage of LigaMX soccer matches
  • National Geographic’s “We’re Wired that Way:” – Mini-documentaries about weird quirks of humanity like songs you can’t get out of your head
  • Nat Geo WILD’s “Safari Live” – Watch live safaris led by National Geographic’s guides
  • NASA’s “Science @ NASA” – Explore science topics in quick four- to five-minute episodes
  • NBA’s “WNBA All-Access” – A behind-the-scenes show with women’s basketball stars
  • The Dodo’s “Comeback Kids: Animal Edition” - features determined animals facing difficult conditions or challenges that meet people who refuse to give up on them
  • Tommy Mac – A master woodworker gives live tutorials on how to make furniture

How Do I Get on My Videos on Facebook Watch?

Before you hop onto Watch and begin bookmarking some videos for your own enjoyment, remember that it's a great tool for more than just personal use. Though Watch is home to some professionally produced videos, it isn't primetime television. It's a platform for anyone to find an audience, build a fanbase and earn money for their work. This is anyone's chance to shine!

"Anybody is going to be able to create shows for Watch, as long as they meet our community guidelines.” 

- Dan Rose, Facebook, Vice President, Partnerships

For this, let's turn to the "Queen of Facebook," Mari Smith. I was fortunate to sit-in on one of her presentations recently at HubSpot's Inbound 2017 conference in Boston, where she talked about the ways Facebook is transforming video. Though Facebook Watch had only been introduced a few weeks prior to the Boston conference, Smith already had some tips for getting your video onto Watch. According to her, the best ways to get on Watch include:

  • Getting blue check verified.
  • Accruing a large following (minimum of 2,000 followers to be monetized for ad breaks).
  • Developing a weekly show (series, episodes).
  • Having the ability to retain an audience retention (minimum 300 concurrent viewers to be monetized for ad breaks).
  • Or, be a known celebrity or public figure.

What about Facebook Live and the News Feed?

Not to worry, the Watch tab will not eliminate your beloved news feed videos. In fact, Facebook Live is becoming an even greater tool for businesses of all sizes. Smith placed a strong emphasis on the importance of Facebook Live during her sessions at the conference this year, as well — sharing some eye-catching statistics.

"Eighty-percent of people would rather watch live video from a brand than read a blog, 82% prefer live video from a branded social post and 14% of videos viewed on Facebook are shared videos."

- Mari Smith, Small Business and Facebook Marketing Expert

Facebook Live is tried and true — it will improve your Facebook reach, it's incredibly user-friendly and it's FREE. It gives people an inside look at your business, allows them to connect with you and your brand and it's a chance to answer some of your audience's common questions in real-time! Facebook reports that there are ten times as many comments on live videos as there are on recorded videos.

Not to mention, you can repurpose them. After the live broadcast, the video will be automatically posted to your Facebook Page to watch on demand and advertise like a normal video post. So, don't stop using Facebook Live because Watch is here. And if you don't already have it in your marketing pipeline, add it now.

Where do I begin?

Recorded videos on the news feed have evolved over the years and best practices are readily available. But with these newer Facebook video features – especially Facebook Watch – almost everyone is alongside you in the learning curve. Start by checking out what's out there. What videos are working? What are your competitors doing?

Again, since there are roughly a billion users on Facebook, all who now have access to Watch and Live, you'd have to be crazy not to at least acknowledge these tools when forming your social media and video marketing strategies.

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