Thursday 14 December 2017

Now Facebook set to make its own TV shows

Facebook is hoping to target audiences from ages 13 to 34, with a focus on the 17 to 30 range. Stock photo: REUTERS
Facebook is hoping to target audiences from ages 13 to 34, with a focus on the 17 to 30 range. Stock photo: REUTERS
Independent.ie Newsdesk

Independent.ie Newsdesk

Facebook is in talks with Hollywood studios about producing scripted, TV-quality shows, with an aim of launching original programming by late summer, the 'Wall Street Journal' reported.

The social networking giant indicated that it was willing to commit to production budgets as high as $3m (€2.7m) per episode, in meetings with Hollywood talent agencies, the 'Journal' reported, citing people familiar with the matter.

Facebook is hoping to target audiences from ages 13 to 34, with a focus on the 17 to 30 range.

The company has already lined up 'Strangers', a relationship drama, and a game show, 'Last State Standing', the report said.

"We're focused on episodic shows and helping all our partners understand what works across different verticals and topics," said Nick Grudin, Facebook's vice president for media partnerships.

The company is expected to release episodes in a traditional manner, instead of dropping an entire season in one go like Netflix Inc and Amazon.com Inc, the 'Journal' said.

The company is also willing to share its viewership data with Hollywood, the report said.

Irish Independent

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