Inside Facebook’s pitch for entertainment content
Facebook is working on a feature that would spotlight original shows and other exclusive long-form content on its mobile and TV apps.
The feature, described as a “spotlight module” during its meetings with potential content partners, would be prominently placed inside the video tab on Facebook’s mobile app, sources said. It would feature about half a dozen or so video series for a period of 24 hours, only to refresh the section with another crop of videos the following day. This module would contain original series funded by Facebook as well as content financed by media partners that Facebook has exclusively licensed for a certain amount of time, sources said. (Facebook has already started to experiment with featuring certain types of content that it thinks people would want to watch inside the video tab.)
“The idea is that this would bring a lot of traffic and attention and [as a result] a lot of revenue via ad breaks,” said one source pitched by Facebook.
Facebook declined to comment for this story.
It’s unclear when the spotlight module will go live, but the product is part of Facebook’s larger plans to bring more original and long-form videos to its platform in 2017. As previously reported, Facebook’s head of global creative strategy and CollegeHumor co-founder, Ricky Van Veen, has been making the rounds among publishers and other content producers to source, develop and fund original shows for Facebook.
Facebook wants people to spend more time on its platform and, as a result, is looking to prioritize longer-form videos instead of the minute-long clips that dominate the news feed. As such, Facebook is looking for video series with episodes that run anywhere between three and 30 minutes apiece, sources said.
Sources also confirmed that Facebook isn’t interested in news content for its original shows initiative.
Instead, Facebook is focusing on scripted and unscripted shows across six broad genres: science (which includes nature and animal content), sports, pop culture, lifestyle, gaming and teens. With the exception of sports, where Facebook is reportedly looking to secure broadcasting deals with major pro sports leagues, the company isn’t interested in funding original live shows.
Budget-wise, even if Facebook is looking to take on TV, it’s not ready to spend like TV just yet, according to sources. While Facebook did not provide numbers on what it’s willing to spend on shows, sources believe the company is looking for projects that sit on the high end of digital budgets but on the low end of TV. This would put Facebook in the same ballpark as Verizon’s Go90 and YouTube Red.
“They’re looking for stuff that isn’t YouTube content but YouTube Red content,” said a source pitched by Facebook. “They are trying to find that sweet spot where the content feels premium enough for advertisers to love it, but it’s obviously financially safer than funding a bunch of ‘Game of Thrones.’”
Previously, Facebook has said its original content plans are similar to how it subsidized the production of live videos last year — pay media partners and other producers to kickstart the creation of a certain type of content with the idea that it will eventually be supported by ad revenue sharing.
Facebook did not provide a timeline for when it would start buying shows, but sources expect the company to move quickly. “I get the sense that they want to pick some stuff up and start getting it produced,” said one source. “They’re impatient, and they want to test things.”
Member ExclusiveFuture of TV Briefing: TV news networks are stepping up streaming’s centrality
The Future of TV Briefing this week checks out the recent flurry of streaming activity among TV news networks.
Member ExclusiveFuture of TV Briefing: How the TV, streaming and digital video industry spent its summer
The Future of TV Briefing this week recaps what happened over the summer, including the return of mega-merger mania, the sped-up upfront cycle, the flattening streaming landscape and TV's measurement melee.
Cheat Sheet: TV networks, video platforms and publishers pitch advertisers at the IAB’s Fall Marketplace
Held on Sept. 14, the inaugural Fall Marketplace featured TV, streaming and digital video sellers pitching their wares and industry executives discussing a range of topics.
SponsoredHow retailers can be ready for holiday shoppers this year
Suchi Sastri, managing director and partner, Boston Consulting Group As the holiday season approaches and the pandemic continues to evolve, retailers want to know what to expect. Will e-commerce continue to grow at the rate it did last year? How big of a role will in-store shopping play in holiday shopping? While it’s still early, […]
Why Canadian TV company Blue Ant Media has taken a niche, FAST-first approach to building up its U.S. business
The U.S. version of Blue Ant Media’s HauntTV has attracted 600,000 unique viewers on Roku’s The Roku Channel since soft-launching in mid-August.
Member ExclusiveFuture of TV Briefing: How TikTok has influenced media companies’ videos on platforms like Snapchat and YouTube
The Future of TV Briefing this week looks at how TikTok has been subsumed into video makers’ approaches to other platforms, including Instagram, Snapchat and even YouTube.