Twitter Planning to Focus More on Video-Based Entertainment

Twitter, one of the most popular social media sites in the industry, is known for its short posts, called "tweets." Over the years, it has grown to allow those posts to include links, or images, or even videos, but mainly, the site is known for their users' ability to communicate via one-liners. Recently, Twitter increased the character count allowed in a message, doubling the approved size, and users have responded positively. Now, according to an article by Bloomberg LP, the company is looking to focus on more video-based options, especially those in the realms of news, sports, and entertainment.

Twitter has been putting in quite a bit of hard work toward making that goal a reality. Already, the social media network has made deals with 30 media companies, including Comcast, Viacom, and Disney. After announcing the Disney partnership last week, Twitter's stocks went up by 4.5%. The company hopes that such partnerships will make the social media platform into more of a hub for live and pre-recorded video streaming.

Many viewers, especially from the younger generations, don't use televisions for the majority of their entertainment. They use smartphones, tablets, and computers to stream from the internet rather than using cable. If Twitter is able to capitalize on that trend and capture a sizable audience of viewers, they could exponentially increase usage of the platform. If more viewers went onto Twitter for news, entertainment, and sports, then they would also stay for everything else the site has to offer, which would improve viewership across the board.

Over the past year, the number of views on Twitter videos has gone up nearly two-fold in regards to daily viewership, and nearly half of the site's advertisement revenue comes from such videos. From "SportsCenter Live" to "Comedy Central's Creator Room," all of the new channels will likely bring in a variety of diverse viewers, who will, in turn, connect their own communities to the platform. The shift to video and live streaming could be the move that pushes Twitter ahead of some other competitors, both in social media and in entertainment.

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