Business

Facebook to invest in original shows production

Facebook will bet big on original video series in 2017. The Social Network is reportedly in talks with big-name Hollywood studios and talent agencies with the purpose of producing original scripted TV shows.

Facebook is ready to pay big per episode – to the tune of $3 million – but is also looking into less expensive production – along the lines of hundreds of thousand per episode.

Facebook has set “late summer” as a goal for its new original series’ premieres and is expected to announce multiple titles as well as a reality show dubbed Last State Standing.

Facebook has offered millions to companies to stream live content on its feed and it’s only logical to want in on the streaming business.

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