Facebook Incorporated is reportedly in talks with Hollywood studios about producing originally scripted, TV quality shows.
Wall Street Journal reported yesterday that the social network aims to launching original programming by late summer in what will be the outcome of the talks.
The social media giant has indicated that it is willing to commit to production budgets as high as $3m per episode, in meetings with Hollywood talent agencies, the Journal reported, citing people familiar with the matter.
According to reports, Facebook is hoping to target audiences from ages 13 to 34, with a focus on the 17 to 30 range.
The company has already lined up “Strangers”, a relationship drama, and a game show, “Last State Standing”, the report said.
Although, Facebook is yet to release official statements on the matter, the tech firm is expected to release episodes in a traditional manner, instead of dropping an entire season in one go like Netflix and Amazon.com, WSJ reported.
The company is also willing to share its viewership data with Hollywood, the report added.
Meanwhile, recently, Apple hired co-presidents of Sony Pictures Television, Jamie Erlicht and Zack Van Amburg to lead its video-programming efforts.
Apple began its long-awaited move into original television series last week, with a reality show called “Planet of the Apps”, an unscripted show about developers trying to interest celebrity mentors with a 60-second pitch on an escalator.
The company’s future programming plans include an adaptation of comedian James Corden’s “Carpool Karaoke” segment from his CBS Corporation show that will begin airing in August.