Facebook is looking at building out its own original TV shows, reportedly offering Hollywood studios up to $3 million per episode for original shows. The social network is looking at the 17 to 30 age range, with shows similar to ABC's own Pretty Little Liars, Scandal, or The Bachelor.
The social networking giant is going to be launching over 24 shows when it launches its TV shows later this year, and is now offering Hollywood bundles of cash for original TV shows at up to $3 million per episode, according to The Wall Street Journal. The future of business in this space is content heavy, something Facebook is fully aware of. We know that content rules, which is why Netflix, Apple, Amazon, Hulu, and many others make their own original TV shows... it's massive business, and Facebook is seeing this growing wave and is jumping onto its surfboard in a big way.
Snapchat is a big competitor for Facebook, as they've signed deals with the likes of DIsney, MTV, MGM, Time Warner, and A&E for original content. Snapchat isn't the same as Facebook and Netflix with full original TV series, but they will have episodes between 3 and 5 minutes long.