Facebook first acquired Masquerade, the Belarusian startup behind MSQRD back in March with the intention to "continue enhancing the Facebook video experience," technology website The Verge reported on Friday.

Available later this year, the feature will help users invite a friend to "drop in" on a live broadcast. 

Facebook will also let you schedule a live broadcast and has built a lobby system so people can hangout before one starts.Both features will be available for owners of Verified Pages but Facebook expects to make them widely available shortly thereafter, the report added.