Facebook Subscription Payments Go Live, But Will Spotify and Netflix Pay The 30% Tax?

If Facebook could collect its 30% tax on what we pay monthly for Spotify, Hulu, or Netflix using the subscription payments system it's rolling out today, it'd have nice new revenue stream to swim in. But that's a deep cut for developers to give away just to smooth out friction in the one-time subscription set-up for material services. So far, the only partners listed in the subscription payment beta started in June Facebook has listed are game companies like Zynga and Kixeye offering discounted virtual good and currency packages as beta partners. Facebook is a huge lead generator for media and web services too, though. It needs to leverage its powerful discovery channel to get into the payment stack, but 30% might just be too steep.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/ZkuLAQ3u7wU/

oscar nominations rough riders joy division dodd frank norco rand paul detained nbc news