Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Facebook obtains US-based startup to Source3 with an aim to filter out pirated content

Facebook obtains US-based startup to Source3 with an aim to filter out pirated content

In a fight against pirated content, social networking giant Facebook has made an acquisition of a US-based startup Source3 to aid it weed out pirated videos and other content that users share without permission. The startup builds technology to sense intellectual property that has been shared by Internet users without permission. As per a report in ReCode on 24 July, 2017, Facebook was getting hold of both the technology and some of the core team members of Source3.“We’re excited to work with the Source3 team and learn from the expertise they’ve built in intellectual property, trademarks and copyright. As always, we are focused on ensuring we serve our partners well,” the report quoted a Facebook spokesperson as saying. As per the report, the employees who will join Facebook from Source3 would work out of the company’s New York office. The attainment makes Source3 completely included with Facebook and does not make it a separate startup. It has by now taken down its website and Twitter account.

However, no details on the deal terms have been made but according to media reports, Source3 has elevated just $4 million in venture capital funding. Facebook has been making struggle to break down on pirated content for a long time. The company had in past announced “Rights Manager” technology to sense and eliminates video clips shared by people who do not have rights to the video. But the new acquisition infers that Facebook’s “Rights Manager” technology has not been much of a success.

Previously this year, the social media giant added another option for rights holders: “Leave the content up, and make money off the views that these pirates are generating for you.”


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...