The Wall Street Journal reports that Facebook is going into the next year “willing to spend as much as $1 billion” on original video content, building out the roster of exclusive TV on its revamped video tab Watch.
In June, the WSJ reported that Facebook was willing to pay up to $3 million per episode for centerpiece shows, and was also interested in original sitcoms with episodic budgets in the six-figures. At the time, VP of media partnerships Nick Grudin told The Verge in an email, “We're funding these shows directly now, but over time we want to help lots of creators make videos funded through revenue sharing products like Ad Break.” Eventually, Facebook wants to pay nothing for the original shows, instead offering the creators a 45...
from
https://www.theverge.com/2017/9/8/16273406/facebook-original-video-content-tv-shows-billion-netflix-2018
from
http://ifeeltechinc.blogspot.com/2017/09/facebook-will-spend-as-much-as-1.html
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