Msg#: 4278954 posted 5:09 pm on Mar 9, 2011 (gmt 0)
Is Facebook making a move to be more integrated into our social circles?
Warner Bros is making some of its films available on Facebook, opening up a new revenue source for the Internet social network and signaling new competition for online entertainment companies. Consumers can pay for the movies using Facebook Credits...
In a note to investors on Tuesday, Goldman Sachs analyst Ingrid Chung said Facebook represents a long-term threat to online rental service Netflix Inc that caught Wall Street investors by surprise.
"The 'wisdom of friends' could be a bigger driver of movie viewership than the 'wisdom of crowds,'" wrote Chung.