Facebook decided to create his own video content

The social network Facebook will be engaged in the production of its own video content. About this The Wall Street Journal was told by sources familiar with the project.

The company plans to produce 30-minute videos once a week. Among the possible formats are show, programs and TV shows. Of those creators are interested in sport, science, pop culture, lifestyle and video games. The interlocutor of the newspaper emphasized that we are not talking about the news.

Facebook plans to allocate up to $ 0.5 million for the production of one video. The company itself did not comment on The Wall Street Journal of this information.

According to the results of 2016, the net profit of the social network amounted to $ 10.2 billion, increasing by the previous year by 177%. The company's revenue reached $ 27.6 billion, which is 54%than in 2015.

Earlier, the Russian social network VKontakte made the idea to create its own video content. Vedomosti wrote that the company was negotiating with STS Media, Yutwas, TNT, Baseli and other television companies to start issuing mini-series, short shows and sketches.

At the same time, the representative of VKontakte emphasized that the costs of one episode would be $ 100-150 thousand, since "to shoot expensive series for showing on the Internet is unprofitable."