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Facebook to produce own TV series

CALIFORNIA, June 27, 2017

Social media giant Facebook has revealed plans of producing its own television shows and series, said a report in Sky News.

The online platform, which has around two billion monthly users worldwide, is working with partners and hopes to broadcast shows by the end of the summer, it said.

Facebook may be spending up to $3 million per episode,  a relatively high amount in the industry, according to the Wall Street Journal.

Nick Grudin, vice president for partnerships, said: "Our goal is to make Facebook a place where people can come together around video."

Sports, gaming and reality television will be among the themes for the programming, which is likely to be broadcast episode-by-episode, the report said.

The move to production marks a significant departure for the social network, which has previously focused on being a go-to platform for content produced by third parties.

It follows a trend set by other major players, like Amazon and Netflix, which in recent years have made a decisive shift toward producing original programming.




Tags: TV | production | facebook | games | shows |

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