#Newsfeed: Facebook acquires Source3 to get content creators paid; More metrics now available for businesses on Instagram; BBC Music announce festival to replace Glastonbury next year

Plus why a new ‘Despacito’ remix could make the song even bigger.

Facebook is on the cusp of a big push to lure independent content creators to share their art through the News Feed. But it needs to prove it can help creators monetise their content without allowing piracy to run rampant – which is why Facebook has gone ahead and purchased Source3. According to the the startup, Source3 recognise, organise and analyse branded intellectual property in user-generated content. “We’re excited to work with the Source3 team and learn from the expertise they’ve built in intellectual property, trademarks and copyright,” Facebook spokesperson Vanessa Chan told TechCrunch.

Read more about this new deal here.

Read the analysis in full here.

Businesses on Instagram can now tap into the metrics and insights currently available via the Instagram application through the Instagram Platform API (application-programming interface). Instagram said in a blog post that the enhanced metrics and insights will enable businesses to stay on top of the performance of their organic content more effectively than they could via third-party tools.

Read more about this story here.

BBC Music have announced that they’ll be launching a huge festival for next year – offering “coverage similar to that around Glastonbury”. Glastonbury Festival will take a break in 2018  in order to give the farm, the village and the festival team a traditional year off before returning in 2019, with The Big Weekend announced as a substitute for the May long weekend.

Read more about this story here.

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