Facebook introduces media apps

Facebook introduced a new class of apps at its f8 conference that will allow viewing and sharing of content on its massive social platform, including Netflix, Hulu and Spotify.

The apps will allow its users to see which songs, movies, TV shows and games are being consumed by friends and to sample that content as part of a redesigned Facebook page layout. Facebook founder Mark Zuckerberg emphasized that the new feature would allow for more discovery of content in a way that could reshape the media business. "This next wave of companies understands if you can help people discover an order of magnitude of content than they could before, that enables all kinds of new models to work," said Zuckerberg, who mentioned both advertising and subscription models. "These new companies aren't just rethinking the experience of watching new content with your friends, they're helping to rethink these entire industries."