Long-form video from Instagram

– Instagram said this week it now has more than one billion active users, as it unveiled a new long-form video feature in a bid to attract “creators” like those on YouTube.

It becomes the fourth Facebook platform to hit the billion-user mark, including the namesake social network with more than two billion users, and the messaging applications WhatsApp and Messenger.

Instagram, which had some 800 million users as of September, has been outpacing rival social networks such as Twitter and Snapchat and has been gaining younger users even as Facebook itself has seen declines in the youth segment.

Instagram chief executive Kevin Systrom announced the milestone as he unveiled the new video application known as IGTV.

“We have now a community of one billion users,” Systrom told the event in San Francisco. “Since our launch in 2010, we’ve watched with amazement as the community has flourished and grown.”

As Facebook itself has moved deeper into video, Instagram will become a direct competitor to YouTube with IGTV.

IGTV will enable any user to upload long-form videos and will also include “channels” from video “creators”, similar to a format employed by Google-owned YouTube which has given rise to a number of YouTube “stars”.

IGTV is built to be used on a smartphone, and boosts the time for videos from the previous limit of one minute. Rolling out for the iOS and Android apps, IGTV will allow any user to upload videos up to 10 minutes long, with the limit for larger accounts at one hour. Systrom added that IGTV is “built for how you actually use your phone, so videos are full screen and vertical”.

The launch comes amid a shift in video viewing habits away from traditional television to online platforms.

According to the research firm eMarketer, 181.7 million Americans will watch video content on their smartphones at least once a month this year, up 6.1% from a year ago.

Facebook acquired Instagram in April 2012 for cash and stock worth some $1 billion (about R13.4 billion) at the time. eMarketer estimates Instagram will generate $5.48 billion in net US ad revenue this year, up 70.4% from last year. – AFP