Facebook Signs Deals With Media Companies and Celebrities for Facebook Live

Continue below or read more HERE:

Facebook Inc. has inked contracts with nearly 140 media companies and celebrities to create videos for its nascent live-streaming service, as the social network positions itself to cash in on a lucrative advertising market it has yet to tap—and keep its 1.65 billion monthly users engaged.

The company has agreed to make payments to video creators totaling more than $50 million, according to a document reviewed by The Wall Street Journal. Its partners include established media outfits like CNN and the New York Times; digital publishers like Vox Media, Tastemade, Mashable and the Huffington Post; and celebrities includingKevin Hart, Gordon Ramsay, Deepak Chopra and NFL quarterback Russell Wilson.

The arrangements are a way to encourage publishers to produce a steady stream of high-quality videos until Facebook figures out a more concrete plan to compensate creators, such as through sharing of ad revenue.

BT-AJ442_FBLIVE_9U_20160621175107

Share:

news

blog

Top