Facebook may have spent tens of millions of dollars on deals with publishers and celebs to create more live content, but this seems to be changing soon.
In mid-2016, Facebook set up deals with various publishers, influencers, and celebrities to try to get them to produce more content for Live. For those deals, Facebook spent a whopping $50 million. But is the company willing to continue this way? According to a recent Recode article from Kurt Wagner, no one is expecting Facebook to renew the deals,
Facebook is instead emphasising “longer, premium video content.” Wagner says that “the hope is to get more high-quality video onto the platform and into your News Feed.” And by longer premium content we are assuming they mean VOD (series, movies, documentaries) and other TV-style content, like shows etc.
This doesn’t mean that Facebook is shelving Live as a source of premium video content. The company still runs ad campaigns to increase the adoption of Live. They just don’t target publishers and celebrities as Facebook did last year. However, the shift from premium live video, to premium video isn’t just happening with Facebook. Many publishers asked by Recode, said that they wouldn’t be interested in continuing at their current pace anyway.
As Wagner reported,
In other (but similar) news, Facebook is planning to share revenue with publishers from the mid-roll video ads it is testing.
[wysija_form id=”5″]
More from Facebook
Facebook Wants To Fix Blinks In Your Photos With AI
People blinking in your photos may not be a problem for much longer. Facebook is working on ways to fix …
Facebook Now Offers Workplace Premium Free To Nonprofits And Staff At Educational Institutions
Facebook has announced that it is making its Workplace Premium feature free to nonprofits and to staff working at educational …
Facebook Helps Small Businesses And Developers Protect Their Customers’ Privacy
Facebook is announcing two new partnerships to help small and medium businesses and developers protect their customers' privacy.
