Reuters :: Facebook is looking to hire a big-name executive to cultivate relationships and strike deals with the film and music industries to bolster its media offerings.
They [Facebook] had held the media industry at arm's length for a while. It was: 'We are a platform, come use us all you want but we don't necessarily need to partner with you.' But now the attitude has changed, said one of the people familiar with the situation.
Facebook's media push comes as the company faces fresh competition from Google Inc.
Continue to read Alexei Oreskovic, www.reuters.com