On a daily basis close to close to 2 billion people interact, chat and engage on Facebook Inc (NASDAQ:FB)’s highly addictive social network. It’s dedicated set of services has been embraced by almost a quarter of the world’s population. Apparently, Facebook’s users have remained so loyal despite being wooed by competitors.
New reports have emerged showcasing the next big move by the social networking giant. Bits and pieces of information indicate that Facebook has been upping its game in the streaming space and will soon roll out its slate of programming.
Facebook’s push for TV-like shows
Multiple people familiar with Facebook’s plans have revealed that the month of June will come with bigger and better tidings from the social network. It intends to roll out its streaming splash with two tiers of television offerings, which will have12 new shows. Several meetings have already been held with content creators and production companies, which are expected to give a flow to the new move.
The two distinct tiers will include a marquee tier, which will run for close to 30 minutes per episode. The other lower tier, which has less expensive shows, will offer 5-10 minute episodes. All these efforts are being spearheaded by CollegeHumor cofounder Ricky Van Veen and is calling on many more companies to pitch their interest and projects on Facebook.
Could Facebook be taking on Netflix, Inc. (NASDAQ:NFLX)’s “House of Cards”?
The demand for enhanced and all inclusive entertainment is growing by the day and so is competition. Word has it that Facebook’s higher tier of shows is more or less a representation of Netflix’s “House of Cards while another lot of people refers to it a scandal.
Nonetheless, Facebook is not letting go its ambitions and interest in large content. In fact, it has tapped into A-list celebrities to star in some of its shows. On the other hand CEO Mark Zuckerberg states, “Sports is probably something that we’ll want to try at some point.”
Facebook’s thinking demonstrates the company’s determination to great destination where its users can explore and get the intent to watch its shows. Meanwhile, Facebook’s stock was trading at $150.24 a fall of $0.61 or 0.40%.