Thanks for reading the May 29th, 2017 edition of WebProBusiness!

WebProBusiness

Facebook Offers $250,000 for Original Content

Social media giant Facebook has started to farm out original content as it linked up with Buzzfeed, Group Nine Media, Vox, and others for its future video service.

Reports revealed that Facebook is planning to roll out two types of video content. First is a 20- to 30-minute episode, where it holds sole proprietary rights. The other is short "unscripted shows," which will be good for about 10 minutes maximum. The latter will probably be supplied by Buzzfeed, among others.

This is part of Facebook's plan to push for original videos on its platform. The videos will not be limited to skits and scripted shows, but also sports and game shows as well. In March this year, Mark Zuckerberg and company inked an agreement with Major League Soccer and Univision Deportes to air live football matches via streaming.

According to the alleged proposed business arrangement, Facebook will pay $250,000 for the 30-minute scripted shows because the company will essentially be buying the video. For shorter clips, the company is offering between $10,000 and $35,000, as well as a cut of the ad revenue.

Assuming proprietary rights is the same business model introduced by Netflix and Amazon on their original shows. It's not clear, however, if Facebook will accept user contribution for videos.

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