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Twitter tunes in to TV partnerships ahead of IPO

First Published Oct 07 2013 09:04AM      Last Updated Oct 07 2013 09:33 pm
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That’s not huge. However, says Wieser: "This year, it’s about getting the foot in the door."

Wedbush Securities analyst Michael Pachter estimates that Twitter gets just a small fraction of its revenue from the TV deals — around 1 percent. But by next year, the deals could amount to 5 percent, and 15 percent the year after, he says.

Twitter isn’t alone in its quest to befriend TV content companies. Facebook, too, is recognizing the value of live TV chatter. Because of its sheer size — nearly 1.2 billion users versus Twitter’s 218 million — Facebook has more conversations than any other social network. During the "Breaking Bad" finale, more than 3 million people generated 5.5 million "interactions," that is, status updates, comments or "likes."



For now, Facebook’s TV partnerships are not intended to generate revenue, the company says. Rather, they are "focused on helping people discover great content," says Justin Osofsky, Facebook’s vice president of media partnerships.

Over the past few months, Facebook has rolled out more Twitter-like features as competition between the world’s leading social networks heats up. There are now hashtags on Facebook, and the company is encouraging celebrities to use its site to interact with fans — just as many of them do on Twitter.

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Ryan Nakashima contributed from Los Angeles.

 

 

 

 

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