Facebook is in the early stages of building its own music streaming service which could rival the likes of Spotify, Tidal and Apple Music, it has been claimed.
According to music and technology news website Music Ally, Facebook's current plans to monetise music videos on its site "are an important stepping stone towards the on-demand audio service".
The site is already known to be planning to host music videos on its site, and will pay the same per-stream as YouTube.
But Music Ally reports that it's just the first step of Facebook's plan to enter the lucrative music streaming field.
Almost of quarter of worldwide digital revenue comes from subscription streams, while 9% comes from ad-supported streams.