Facebook may spend $1 billion on original video in 2018

The company’s goal is to foster original shows that are able to compete with both traditional broadcasters and online streaming companies such as Netflix and Hulu. Presumably, they want the quality of their content to rival their competitors, hence the large spending. The $1 billion is supposed to take the company through the end of 2018. – Swapna Krishna, Engadget http://ift.tt/2wgbPq3
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