Facebook and Comcast launch YouTube-like service

Facebook has quietly inked a deal with Comcast's multiplatform user-generated video site, Ziddio.com to enable Facebook users to create and share videos. The YouTube-like venture will try to drive usage by giving submitters the chance to have their videos included in a new television series called "Facebook Diaries," which will appear on Comcast's On Demand menu. The series will be produced by R.J. Cutler, who also created "American High" and "30 Days." This marks the first major social networking, online video tie-up with a major TV service provider. Facebook currently claims 16 million users.

For more on the venture:
- see this press release

Suggested Articles

Media analyst firm MoffettNathanson sees a second wave of cord cutting rising and warns that it could be even more damaging than the first.

TiVo said that its recent Stream 4K connected TV device is selling faster than any of the company’s previous hardware releases.

The second-quarter earnings season has wrapped up for the top publicly traded pay TV operators in the U.S., and it's time to break down the numbers.