SAN FRANCISCO (Hypebot) – Facebook CEO Mark Zuckerberg used last week's Web 2.0 Conference in San Francisco to share his most sweeping vision yet of how Facebook will fundamentally change the music, film, TV and media industries within the next five years.
Zuckerberg believes strongly that insurgent entrepreneurs will "reform" the music, film, TV, news, e-commerce and perhaps many other industries using Facebook as a platform.
Facebook will then profit from the value that it has added to the new landscape through advertising and, perhaps, other partnerships.
More & Video Of Mark Zuckerberg's Web 2.0 Speech:
Highlights of Zuckerberg's speech:
"Anything that involves content or specific expertise in an area – games, music, movies, TV, news, anything in media, anything e-commerce, any of this stuff.
Over the next five years, those verticals are going to be completely re-thought. There are going to be some really good businesses built.
Our view is that we should play a role in helping to re-form and re-think all those industries, and we'll get value proportional to what we put in. In gaming, we get some percentage of the value of those companies through ads and credits. But that's all because we're helping them.
If we're helpful to other industries in building out what would be a good solution then there will be some way we get value from that."