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Sunday, June 25, 2017 10:06:12 PM
Facebook Inc. to Hollywood: Let’s do lunch.
The social-networking giant is talking to Hollywood studios and agencies about producing TV-quality shows with an eye toward launching original programming by late summer, people familiar with the matter said.
In meetings with major talent agencies including Creative Artists Agency, United Talent Agency, William Morris Endeavor and International Creative Management Partners, Facebook has indicated it is willing to commit to production budgets as high as $3 million per episode, people familiar with the situation say.
Facebook declined to comment on specifics of its content plans. In a statement, Vice President of Media Partnerships Nick Grudin said, “We’re supporting a small group of partners and creators as they experiment with the kinds of shows you can build a community around—from sports to comedy to reality to gaming. We’re focused on episodic shows and helping all our partners understand what works across different verticals and topics.”
Facebook Is Going Hollywood, Seeking Scripted TV Programming https://www.wsj.com/articles/facebook-is-going-hollywood-seeking-scripted-tv-programming-1498388401
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