Two weeks ago, Facebook talked with dozens of media companies including news outlets such as The New York Times, NowThis and The Washington Post in New York about their content and monetization product roadmap for 2017. Conversations covered Facebook’s plans to fund original shows, the platform’s focus on getting publishers to distribute more long-form videos for Facebook’s video tab and soon-to-launch TV app, and mid-roll advertising products for live and on-demand videos.
Many publishers agreed it was a step in the right direction for Facebook, which has struggled to build an ad product that helps media partners generate consistent revenue on the platform. What’s troubling some hard-news publishers, however, is that Facebook’s new plans don’t really seem to have their specific interests top of mind, according to multiple news media executives that were in attendance.
Facebook is looking for scripted and unscripted shows covering light genres like entertainment, lifestyle and sports — not hard news. It’s unclear how much Facebook is willing to spend on original content, but the company has been making the rounds in Hollywood to speak with L.A.-based studios and producers, far from New York, where most of the news media is headquartered.
Why? Facebook is after TV money, and the big money on TV is for entertainment content, not the latest atrocity in a war zone.
Why Its Hot:
As Facebook begins to pursue TV studio content , their goal is to provide a better reason to get people to go to the video tab on their phones and their video app. To do that, they’re going to need programming that’s differentiated, and not what people already get in the news feed. It’s a growing trend of original content that we’ve seen over the past several years from the likes of Netflix, Hulu, Amazon and cable entities that continues to fragment our options and vie for our ever-increasing time spent staring at screens. However, with more options come more niche targeting possibilities. Something to keep an eye on for brands as original content creation the platforms struggles to be….well, original.