Tag Archives: facebook

Report: Facebook to pay Hollywood millions for original shows

Facebook is very serious about its original programming ambitions — $3 million per episode serious. According to a Wall Street Journal report, the tech giant is courting Hollywood agencies for original scripted TV shows, in some cases offering up to $3 million per episode. It’s also keen on procuring less-expensive productions that would cost hundreds of thousands each episode to make. The Journal’s sources said that Facebook has set late summer as a tentative launch window, and that it hopes to reach audiences aged 13-34.

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Facebook’s latest app is designed just for video creators

In a bid to keep its creator community happy, Facebook announced that it’s planning a whole new app just for them later this year. It’s essentially a video creation app made just for its star broadcasters, who are also the same folks who are deemed worthy enough to use Facebook Mentions, an app only available to verified accounts owned by journalists, celebrities and other online influencers.

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Facebook shows no sign of stopping, now has 1.86 billion users

Facebook is under quite a bit of pressure of late. It’s trying to fix the rise of fake news and clickbait on its News Feed and, more recently, it’s had to deal with the Zenimax lawsuit against Oculus. But all of that hasn’t eaten into Facebook’s bottom line. As its Q4 2016 earnings report shows, the company once again raked in cash hand over fist, with $8.8 billion in revenue and $3.56 billion in profit. Its user growth also continues to climb, with 1.86 billion monthly users and 1.74 billion logging in on mobile. Mobile advertising made up 84 percent of its revenue last quarter.

Continue reading Facebook shows no sign of stopping, now has 1.86 billion users