Facebook Is Considering a Move Into a New Venture
The social media giant is reportedly looking at TV-show creation.
Facebook Inc. (FB) - Get Report is said to be considering a move into scripted television programming.
The social media network is in talks with Hollywood studios and agencies about producing TV-quality shows and looking to launching original programming by late summer, the Wall Street Journal reported, citing people familiar.
Facebook has indicated it is willing to go as high as a $3 million per episode budget, the people familiar told the newspaper, and is in talks with talent agencies including Creative Artists Agency, United Talent Agency, William Morris Endeavor and ICM Partners.
This article was written by a staff member of TheStreet.
