Facebook, Twitter compete for live TV rights

, 11:03 PM IST

New Delhi: Social networking giant Facebook Inc and micro-blogging site Twitter Inc are competing to buy rights to stream conventional TV programming, the Reuters quoted the New York Post.

“Our goal with live video is to work with our partners to move to a sustainable monetisation model quickly. We are not focused on acquiring the rights to conventional TV programs,” the Facebook said in a statement.

Meanwhile, Twitter declined to comment on the development. (ANI)