New York
27 July 2017
Reporter: Barney Dixon

Facebook acquires IP management startup

Facebook has acquired a startup that focuses on recognising, organising and analysing branded intellectual property in user-generated content.

Source3 provides IP recognition, licensing and rights administration services for creators, marketplaces and brands and helps to enable monetisation of user-generated content.

The details of the deal were not disclosed, but Source3 secured $4 million in funding from Contour Venture Partners in September 2015.

Founders of Source3, Ben Cockerham, Patrick Sullivan, Scott Sellwood and Tom Simon, said in a joint statement: “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.”

They added: “We feel great about this next step in our journey, and we thank everyone who helped us get to where we are today—we couldn't have gotten this far without immense support from our investors, advisors, employees and others. We can't wait to see what's next!”

The acquisition falls in line with recent attempts by Facebook to monetise its user-generated video content, similar to YouTube's Partner Programme.

In February, Facebook announced three updates to its Audience Network that allowed content creators to make money from in-stream video ads on their own websites and apps.

Audience Network places ads from Facebook advertisers onto third-party websites and apps.

The social media platform is testing ad breaks for its on-demand video, which will allow content creators to insert ads into videos they upload on Facebook.

Facebook also introduced ad breaks for Facebook Live videos.

More news
The latest news from IPPro The Internet
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Nike wins UDRP dispute
20 October 2017 | Minneapolis | Reporter: Barney Dixon
Nike has recovered in a Uniform Domain-Name Dispute-Resolution Policy decision at the Alternative Dispute Resolution Forum
Rouse opens Cambodia office
19 October 2017 | Phnom Penh | Reporter: Barney Dixon
Intellectual property boutique Rouse has opened a new office in Phnom Penh, Cambodia, strengthening its presence in Southeast Asia
Withers & Rogers adds ten trainee attorneys
19 October 2017 | London | Reporter: Barney Dixon
International law firm Withers & Rogers has added ten new trainee attorneys covering both patents and trademarks
Netflix, Fox and Amazon sue TickBox IPTV box
18 October 2017 | California | Reporter: Barney Dixon
Netflix, Fox and Universal are among seven entertainment companies joining together to sue Android TV streaming box, TickBox TV, for copyright infringement
Article 13 of DSM proposals should be deleted, says the EFF
17 October 2017 | Brussels | Reporter: Barney Dixon
Digital advocacy group the EFF and other civil society organisations that have penned a letter to European lawmakers demanding that Article 13 of the EU’s new copyright reforms is deleted
Winterfeldt IP opens in Washington DC
16 October 2017 | Washington DC | Reporter: Barney Dixon
Winterfeldt IP Group, a new law firm focusing on brand enforcement and counseling, has opened its doors in Washington DC
Partner promotions at White & Case
13 October 2017 | New York | Reporter: Barney Dixon
White & Case has promoted 31 new partners, including four intellectual property attorneys, across the US and UK