According to a new report, Facebook is making its move into the premium TV-like show market next month. Why not? everyone else is doing it. The report claims that these Facebook premium TV shows will be available in mid-June.
It may launch two dozen shows initially and has apparently greenlit several shows for production.
Business Insider reports that Facebook has given the green light to start production on several TV shows. Will people watch them in an already crowded space? We will see. Facebook is reportedly looking for shows in two distinct tiers that include longer, big-budget shows that would be similar to conventional TV shows and less expensive shorter shows that would last up to ten minutes and refresh every 24 hours.
This would allow Facebook to compete against the likes of YouTube, Netflix, and Amazon Video. All of which have invested a ton of resources in the production of original content. Facebook views high-quality, scripted video content as an important feature to retain its nearly 2 billion users, especially younger users.
No comment from Facebook as of yet, so we will have to wait and see if and when this announcement is made next month. It makes sense though. Stay tuned.
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