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Facebook is all set to challenge Netflix, Amazon Prime

Facebook is all set to challenge Netflix, Amazon Prime
07 May 2017
  • We have all taken a break while binge-watching on Netflix or Amazon Prime to check our Facebook notifications, just to stay connected with updates and notifications.
  • From June, you may not have to face the dilemma because reports are afloat that Facebook has bumped up its schedule and will premiere its TV shows from June.
  • Here's all you need to know about it.

  • Two dozen original shows in the offing, for starters
    Original content
  • According to Business Insider, Facebook is ready to go heads on with other live-streaming platforms and will start the journey armed with two dozen original shows; several other shows are slated to follow suit.
  • With nearly two billion members on its social media platform, Facebook is not going to have much problem in getting people to opt for its streaming services.

  • Two separate tiers for the audience
    Two types
  • According to the BI report, the content will be divided into two distinctive tiers.
  • The main tier is going to have motley of big budget TV shows, aimed to give users a binge-watching experience with tailor-made contents like Netflix originals.
  • The second tier is going to have videos with a running time of 5-10 minutes which will be changed after every day.

  • Getting the right people for the job
    Ricky Van Veen
  • Ricky Van Veen, the co-founder of the viral YouTube channel, CollegeHumor, has been busy after being recruited by Facebook, as the global creative strategy chief to lead its original content drive.
  • Veen along with his team has been sampling ideas for shows that could be featured on Facebook's new venture, enabling it to have a solid ground to compete with other well-established market players.

  • Virtual Dating and Hollywood royalty
  • According to the reports, Facebook has already zeroed down upon a dating show by Conde Nast Entertainment, in which the contestants will have their first-dates via VR rather than meeting in person.
  • The social-media giant has also roped in some A-list celebrities, and an A-list Hollywood star is reportedly going to feature in one of the initial releases, giving Facebook the razzmatazz it needs.

  • It's grand but the stakes are high too
  • All said and done, Facebook will have to look at several factors if it wants the new initiative to pan out successfully.
  • From ad-monetization to competing with Netflix, Amazon Prime or even YouTube for the market space, the challenges are paramount.
  • As for the users, we are just glad to have one more option when it comes to binge-watching.

  • This post first appeared on NewsBytes: Latest News, Breaking News India, Today News, Current News, please read the originial post: here

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