"phonemantra" : Facebook signs deals for its video service

as mentioned in Facebook signs deals for its video service: Facebook comes up with its new video tab. Facebook signs deals for its video service:Now, Facebook has signed deals with several companies about the video telecasts. Rivals of Facebook Video:The target rivals of Facebook regarding this video service is Snapchat and YouTube. Facebook will own the scripts:There are two different kinds of deals Facebook is making. By thew end of 2016, world's number one social media website – Facebook said that they are planning on their video service.


As it stated in

Facebook turns to "Millennial-focused" companies for its original video shows


Facebook turns to
For the shorter shows, Facebook will pay between $10,000 and $35,000, giving 55 percent of the ad revenue to the creators. As reported earlier this month, Facebook's shows will be split into two tiers: longer, scripted shows that last around 20 – 30 minutes, which it will own, along with shorter, scripted and unscripted shows lasting 5 – 10 minutes, which are owned by the providers. Reuters' anonymous source says Facebook is paying up to $250,000 for the longer shows, which is pocket change compared to how much some big-budget TV shows cost per episode. With the platform running out of room for new ads in the News Feed, its TV shows could become a lucrative new source of revenue. In February, MTV executive VP Mina Lefevre left the cable network to join Facebook as head of development to lead its video efforts.




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