Monday, 26 June 2017

Facebook wants to compete with Netflix for its own television programs and series

Facebook wants to compete with Netflix for its own television programs and series



The Wall Street newspaper reported on Sunday that Facebook is in talks with Hollywood studios about producing television-quality television programs to launch original programs by the end of the summer.

The social networking giant said he was prepared to commit to production budgets of up to $ 3 million per episode, in meetings with Hollywood talent agencies, citing people familiar with the issue.
Facebook hopes to target audiences from the age of 13 to 34, with a focus on the range from 17 to 30. The company has already produced a drama called Strangers and a Last State Standing Games program, according to the report.
Nick Grudin, vice president of media partnerships at Facebook, said: "We focus on programs with episodes and help all our partners understand what works across different sectors and topics."
The company is expected to issue the episodes in a traditional way, rather than issuing a full season at once, such as Netflix and Amazon.com, Wall Street reported.
The company also wants to share viewers' data with Hollywood, the report said.
Facebook programs will be supported by ads, so it's likely that their offers will be available for free

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