Facebook nears two billion monthly users

May 07, 2017, 12:26
Facebook nears two billion monthly users

Facebook plans to have about two dozen shows for this initial push and has greenlit multiple shows for production, according to people familiar with the discussions. These shows will accompany Facebook's live sports programming.

Facebook's profits have jumped in the first three months of the year, as the social network closes in on two billion users, according to its latest results. Thus, news of release of TV-style shows is not surprising at all.

Does a VR dating show sound exciting to you? The company also seems interested in live sports - in February, it was reported to have held talks with the Major League Baseball about streaming one live game per week - and has reportedly "tapped A-list celebrities to star in some of [its] shows".

The company has already given some of the ideas it was presented with the go-ahead to start filming and has reportedly signed up A-list celebs to star in some of them.

In addition to murders and suicides, Facebook will also use the additional staff to flag and remove other things as per the company's policies, such as hate speech and child exploitation. Rather, it hopes to be the next television.

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In the past, the company stated publicly that it's planning to produce high-quality videos. "A concern among partners is that Facebook executives have yet to explain why people will seek out longer shows in the Facebook app's video tab", said a Facebook executive quoted in the Business Insider report.

Currently, a handful of companies, from Amazon and Yahoo, to the globally popular Netflix - have dabbled in TV.

The idea of having TV episodes is a top priority for the company.

But as Facebook plans an entry into Hollywood, its rival YouTube already has gained enough ground that has been working with user-generated video for a decade. The list includes the National Football League, the MLB, the PGA, BuzzFeed, The Verge, Live Nation and most notably Bloomberg, which will create a 24/7 "breaking news network" that's distinct from its cable TV network and available only on Twitter. The producer is required to "develop, script, produce and edit sharable motion picture content".

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