Facebook users will be able to listen to music and watch videos on the social network thanks to integration with the likes of Spotify and Netflix.

The music and video integration was announced at the social network's f8 conference, which place in the US yesterday, along with 'Timeline' - a new feature that Facebook believes will make it easier to see the important "posts, photos and life events" from your profile on the social network.

Social networkers will be able to download a Spotify app and then share any music they listen to with the friends on the site. Users will be able to click on any tracks that appear in their ticker, which was also announced by Facebook this week, and listen to them as well. A chat window will also open so you can discuss the track with your friend. Furthermore, Spotify said the app would contain a Music Dashboard so facebook users can discover the music that's trending with their friends.

"We knew that the service had to be free to draw people away from piracy. Helping them to listen to even more music. To do that, we also knew that the service would have to be inherently social. There couldn't be a better place to do this than Facebook," said Spotify's Daniel Ek in a blog.

"We know that Spotify's users who connect to Facebook listen to more music on a weekly basis. They listen to a wider variety of music – in fact we have more than 400 million playlists created in Spotify now. Because these users are more social, they're more engaged. Because they're more engaged, they're more than twice as likely to pay for music."

Facebook also introduced the new Timeline feature, which the social network said would make it possible collect all a user's best moments in one place so they can be shared easily.

The social network said at present "thee focus is on the most recent things you posted, more important stuff slips off the page. The photos of your graduation get replaced by updates about what you had for breakfast".

"99 percent of the stories you share vanish. The only way to find the posts that matter is to click "Older Posts" at the bottom of the page. Again. And again," explained Facebook's Samuel W. Less in in a blog.

"Imagine if there was an easy way to rediscover the things you shared, and collect all your best moments in a single place. With Timeline, now you have a home for all the great stories you've already shared. They don't just vanish as you add new stuff."

Facebook said Timeline is wide that the standard profile on the social network and features a large photo at the top of screen, which like a profile picture, can be customised by the user. The Timeline can also be customised to include photos, posts and Life Events (such a moving home or buying a car) in chronological order, which can be selected by the user from a 'private activity log' that offers all content a user has ever shared since joining the social network.

"Since the beginning of Facebook, your profile has been the place where you tell your story. People use it to share everything from the small stuff, like their thoughts on an article, to the most important events of their lives, like the photos of their wedding or the birth of their child," said.

Facebook said some of the app would be available immediately but Timeline won't be rolled out for a few weeks. Once it has been made available, Facebook members will have the option to publish their Timeline straight away or take a few days to review what's there and add anything that's missing.