Facebook plans to spend $ 1 billion for original video content - Tech news

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Monday, 11 September 2017

Facebook plans to spend $ 1 billion for original video content

Facebook wants to invest $ 1 billion in offering exclusive and original video content



original videos on facebook
Facebook and original video content



Facebook is entering the field of buying genuine video content

The Wall Street Journal reports that Facebook wants to invest $ 1 billion to bring content and exclusive videos to it, and wants to enter the field. Amazon Prime and Netflix compete to control the content of the video, including content such as television series, entertainment, sports, And Netflix spend about $ 6 billion a year on video content. Amazon Prime also spends about $ 4.5 billion on video content. Facebook wants to partner with content producers and Facebook may start implementing that next year

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