Facebook Buys German Tech Company that Manipulates Videos

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If news soaring the  German media is correct, Facebook has recently bought a company named "Fayteq" who specialises in video manipulation.
The German-based company has software that is able to remove or add objects in videos, even live ones, and add effects to them. 

Siegfried Vater, an investor and partner of Fayteq says the company offers "innovative technologies in the area of off-line and real-time video manipulation, removing the border between reality and fiction".This week, Facebook launched its new initiative for original video, competing with the likes of Netflix and Youtube. The company is also known for selling plugins to video editors like Adobe After Effects that allowed video editors to track objects in videos, and then add or remove assets with the help of the tracking data.

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