Facebook aims to launch original programs on its social network by the end of the summer.

Jun

26

2017

Facebook Talks With Hollywood To Produce Television Programs: Report

Facebook is in talks with Hollywood studios about producing video programs with a well-written, television-quality script to launch original programs on its social network by the end of the summer, The Wall Street Journal reported on Sunday.

The social networking giant said it was prepared to commit to production budgets of up to $ 3 million per episode in meetings with Hollywood talent agencies, the report said , citing people familiar with the issue.

Facebook hopes to target the audience from the age of 13 to 34, focusing on young people from 17 to 30 years. The report said the company was already preparing to produce a drama called “The Strangers,” and introduced games as the “Last State List”.

The company, which has the world’s largest social networking network with more than 1.96 billion active users per month, is expected to launch episodes in a traditional way, rather than deploying a full season at one go, such as Netflix and Amazon, the Wall Street Journal reported. The report added that Facebook also wants to share viewers’ data with Hollywood.

Since the video market on demand has become a booming market for most technology companies to have a fortune, Apple recently hired two top Sony executives, Jimmy Erlich and Zak van Amberg, earlier this month to lead the effort. Video software.

Apple began the long-awaited move to launch an original television series earlier this June, with a realistic show called “The Planet of Applications,” a presentation without a script or a predetermined script for developers.

The Wall Street Journal report comes just a month after Reuters reported that Facebook has signed deals with a number of news and entertainment industry companies to make upcoming video service offerings, which will include long, short videos and ad breaks.

Reuters quoted sources as saying that Facebook plans to launch two types of entertainment videos: the first includes long sections with a written scenario lasting between 20 and 30 minutes, and will be owned, the other model will include shorter sections lasting between 5 and 10 minutes and comes with a scenario or Without a scenario, and will not be the property of the company.

These steps come from Facebook to receive and license content as part of its campaign to attract more advertiser dollars, which will put it in direct competition with the YouTube Redirect from AlphaBapt and Discover from Snape Chat, as well as television networks Traditional.

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