Facebook hope Soon to Provide TV-quality Show

facebook Incorporated is in talks with Hollywood studios about producing scripted , TV- quality shows, with an aim of launching original programming by late summer, the Wall Street Journal reported on Monday .
The social networking giant has indicated that it was willing to commit to production budgets as high as $ 3 m per episode , in meetings with Hollywood talent agencies , the Journal reported , citing people familiar with the matter.
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 .
Facebook could not be immediately reached for comment.
The company 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 said .
Apple hired co- presidents of Sony Pictures Television , Jamie Erlicht and Zack Van Amburg, earlier this month, 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.