“We are a tech company, not a media company,” said Mark Zuckerberg, founder and CEO of Facebook.
That was last year.
What a difference a year makes.
According to The Wall Street Journal, the social-media giant is talking to Hollywood studios and agencies about producing high-quality shows with the goal of launching original programming by the summer.
“In meetings with major talent agencies including Creative Artists Agency, United Talent Agency, William Morris Endeavor and ICM Partners, Facebook has indicated it is willing to commit to production budgets as high as $3 million per episode,” the Journal reports.
Facebook is joining a crowded market, with other tech companies churning out original content such as the world has never seen. Last year, there were more than 455 scripted shows on TV.
It is indeed a golden age for television, and yet another indication that the tech sector will swallow all other sectors of the economy.