Facebook has been in discussions with major labels such as Sony Music Entertainment, Universal Music Group and Warner Music Group about its potential interest in the music industry. “To what extent the social network wants to get involved is still up in the air — while the popular assumption may be a streaming service, sources say that Facebook hasn’t yet decided precisely what it wants to do,” according to The Verge. Facebook is likely interested in growing the engagement of its users (who spend over 40 minutes per day in the U.S.), while one source mentioned that the company is looking to do something unique with its video platform.