Facebook willing to spend $3 million per episode for TV-quality original shows

By midian182
Jun 26, 2017
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  1. We know that Facebook has big ambitions for its original video shows, and is willing to pay the price when it comes to competing against the TV networks and streaming services like Netflix. According to a report in the Wall Street Journal, the social media giant has told Hollywood talent agencies that it is willing to hand over as much as $3 million per episode for original scripted TV programs.

    Citing “people familiar with the matter,” the WSJ reports that Facebook has revealed its video budget to agencies including Creative Artists Agency, United Talent Agency, William Morris Endeavor and ICM Partners.

    $3 million per episode may sound like a lot, but it’s the average price range for many high-end cable-TV shows and is less than several flagship programs. Game of Thrones, for example, costs between $6 million - $10 million per episode, while Netflix’s now canceled Sense8 reportedly cost around $9 million per episode.

    Mark Zuckerberg’s firm isn’t only going after the higher end of the market; it also has its sights set on cheaper shows that cost in the hundreds of thousands range for each episode.

    Facebook is said to be targeting audiences aged 13 – 34, with a focus on the 17 – 30 age group. It has already lined up "Strangers," a relationship drama about millennials, and a game show called "Last State Standing." The company reportedly wants to avoid shows about children and young teens, as well as political dramas, news, and shows with nudity and bad language.

    Back in May, it was reported that the company was turning to “millennial-focused” companies such as BuzzFeed and Vox for its original video shows.

    Facebook is planning to launch its original programming later this summer. It’s expected to show longer, scripted shows that last 20 – 30 minutes, which it will own, along with shorter, scripted and unscripted shows lasting 5 – 10 minutes, which are owned by the providers.

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  2. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,280

    FB should just stick with slapstick, ham-it-up comedy because that's exactly what they are.
     
  3. Uncle Al

    Uncle Al TS Evangelist Posts: 4,105   +2,593

    Hmmmmmm .... sounds like a comeback for "Mr. Ed" .......
     
  4. So they are willing to pay $3 million per episode, but only can afford 150-155 people on stopping terrorism content on their platform. 150 people earning $100,000 yearly adds up to 15 million dollars. It's their money, but it doesn't seem like much of an effort by Facebook
     

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