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[NYTimes] Warner Tests Renting Film on Facebook for Web Cash

post #1 of 6
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Quote:
Warner Brothers became the first major media company to offer a movie for rent on Facebook, a move that could position the social network to become a force in the digital distribution of movies, rivaling services like Netflix and iTunes.

Warner said on Tuesday that it would allow Facebook users in the United States to rent the film “The Dark Knight” directly on the social networking site, and pay for it using Credits, Facebook’s virtual currency. If other studios make similar moves, Facebook could tap a significant revenue stream, bolstering its Credits currency as it seeks to create a rival to PayPal and other payment systems.
http://www.nytimes.com/2011/03/09/te...ref=technology

Renting movies via facebook is an interesting idea, but what really peeked my interest is the possibility of a rival for PayPal. I'm all for facebook creating some competition in this area, it's sorely needed.
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post #2 of 6
i could never see FB credits taking the near popularity of paypal.
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post #3 of 6
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Quote:
Originally Posted by Cubeman View Post
i could never see FB credits taking the near popularity of paypal.

Really...?

PayPal has been in the game for 10+ years, so obviously they have a good head start...But they started with a tiny user base...Basically from scratch. Facebook's already existing user base is enormous compared to PayPal. Most people don't use PayPal until it's required for eBay.

By putting interesting things for purchase on facebook with its gigantic user base, I think they will relatively easily be able to begin to compete. To get to PayPal's level, yes...that may take a few years.
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post #4 of 6
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Just saw, the base subject (warner renting films via facebook) is a repost. _Gtech posted already via Zdnet.
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post #5 of 6
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post #6 of 6
I don't know if I can afford Facebook currency... I just converted $10,000 to Itchy & Scratchy money
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new build :)
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