Music will be a tough payoff for Facebook

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Last week Om broke a big story on Facebook’s plans for music. A new dashboard will accommodate multiple third-party digital music services from companies like Spotify, enable music streaming while still in Facebook, and incorporate sharing, recommendation and syndication technologies like Connect and Like buttons. As Om describes it, Facebook’s scheme sounds cool, and music is a natural fit for the dominant social network. But is it Facebook’s next billion-dollar business? Not likely. Here’s why.

In my weekly update at GigaOM Pro (subscription required), I go into more detail on the challenges Facebook faces in monetizing digital music and look at the best way Facebook can cash in.

Image courtesy Flickr user corazón girl

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