Facebook to Pay Celebrities, Media Companies Millions for Facebook Live Content
Facebook has reached agreements with over 100 media companies and celebrities to create content for Facebook Live, its new live streaming video outlet, according to published reports
Facebook (FB) - Get Report has reached agreements with over 100 media companies and celebrities to create content for Facebook Live, its new live streaming video outlet, according to the Wall Street Journal. Media companies like CNN, the New York Times, the Huffington Post and Vox Media, along with Deepak Chopra and celebrity chef Gordon Ramsey are among the parties Facebook has signed. The social media giant is reportedly spending $50 million on these deals. TheStreet's Scott Gamm reports from Wall Street.
