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Facebook Eyes Original TV Production

The social media giant is in talks with Hollywood studios about producing original episodic shows as early as late summer and is willing to commit to budgets as high as $3 million per episode, according to the Wall Street Journal.
With a focus on audiences in the 17 to 30 age group, Facebook has already lined up a relationship drama called “Strangers” and a game show called "Last State Standing," the report said.
The company is expected to release episodes in a traditional manner, instead of offering an entire season at once as Netflix and Amazon have done, WSJ reported.
Apple hired co-presidents of Sony Pictures Television, Jamie Erlicht and Zack Van Amburg, earlier this month, to lead its video-programming efforts. Its first show is Planet of the Apps, an unscripted reality show about developers trying to interest celebrity mentors with a 60-second pitch on an escalator.
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