Sunday, June 25, 2017

Facebook wants to be your next destination for streaming TV shows

After reluctantly admitting that it is indeed a media company last December, Facebook is starting to get into the business of producing content including original TV-quality shows and unscripted video shorts. The social network is said to be betting big on fresh shows targeted at audiences aged 17-30, with plans to allocate budgets of up to $3 million per 30-minute episode to producers in Hollywood. For reference, that’s similar to costs for Breaking Bad and a bit more than early seasons of The Big Bang Theory. Facebook has reportedly already lined up a relationship drama called Strangers, a comedy series…

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