Facebook Will Spend $1 Billion For Videos

                                                Facebook Inc. is loosening its financial-control in its drive to become a major hub for video. Facebook is willing to spend big money on video, but now sources tell The Wall Street Journal that there is a rough estimate for just how much the company is willing plow into the effort.


 The social-media giant is willing to spend as much as $1 billion to cultivate original shows for its platform, according to people familiar with matter. The figure, which could fluctuate based on the success of Facebook’s programming, covers potential spending through 2018, one of the people said.

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Facebook has added movies section in the app. We can easily watch favorite movies by using this app. We can also buy movie tickets through this app. Instead of waiting in queue to buy movie ticket.

This new feature is testing at this movement. If this feature workout soon we can see movies outside US also.

Facebook’s thirst for video content pits it against traditional broadcasters such as Time Warner Inc.’s HBO and deep-pocketed tech companies such as Amazon.com Inc. and Netflix Inc., which all are banking on video to capture the fleeting attention of users and seize billions of dollars in advertising that is expected to migrate from television to digital video. Apple Inc. is preparing its own billion-dollar war chest for content. This news is said by Wall Street Journal.

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