Facebook Acquires Source3

Jul 27, 2017

According to an announcement on the Source3 website, Facebook has acquired the content rights management startup. “At Source3, we set out to recognize, organize and analyze branded intellectual property in user-generated content, and we are proud to have identified products across a variety of areas including sports, music, entertainment and fashion,” the company wrote in the announcement. “Along the way, we built an end-to-end platform to manage online IP and establish relationships with brands.”

Just a few short years after raising a reported $4 million of seed funding in 2015, Source3 announced it was joining Facebook. It wrote, “We're excited to bring our IP, trademark and copyright expertise to the team at Facebook and serve their global community of two billion people, who consume content, music, videos and other IP every day.” TechCrunch reports that the acquisition is part of Facebook’s strategy to entice independent content creators to the platform.

(source3.io, facebook.com)