Facebook to Debut Premium TV Shows and Original Content

Facebook is making a debut in premium television and developing around 24 shows that will be premiered in mid-June. There will be both long duration shows on the pattern of ‘House of Cards’ and also 5-10 minutes shows that will be added to Facebook app’s video tab daily.

“It’s part of a major initiative at the company to begin siphoning away some of the billions of dollars that are spent on television advertising ever year — a major growth opportunity for Facebook, which is running out of room in the News Feed to show more ads,” Facebook CEO Mark Zuckerberg was quoted as saying. It is supposed that a virtual reality dating show from Conde Nast Entertainment is among the shows that Facebook has greenlit.