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Facebook signs deals with media firms, celebrities for live video

New York: To pay celebrities and media companies so that they can produce content for it's new live video streaming service and put effort to boost live video Facebook has recently signed a series of

India TV News Desk India TV News Desk Published on: June 22, 2016 6:18 IST
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New York: To pay celebrities and media companies so that they can produce content for it's new live video streaming service and put effort to boost live video Facebook has recently signed a series of deals worth more than $50 million,  the Wall Street Journal reported.

The test program includes  "a relatively small number partners such as  a broad range of content types from regions around the world" receiving "temporary financial support to encourage experimentation with this new format," Facebook said in a statement on Tuesday.

The Facebook had signed at least 140 deals, including with CNN, the New York Times, Vox Media, Tastemade, Mashable and the Huffington Post, the Journal reported on Tuesday, citing a document.

Comedian Kevin Hart, celebrity chef Gordon Ramsay, wellness guru Deepak Chopra and NFL quarterback Russell Wilson are among the celebrities that Facebook has partnered.

Facebook did not offer specifics, but a statement from Justin Osofsky, vice president of global operations and media partnerships, said the partners "were chosen based on a variety of different factors," including their ability to produce live content.

This includes "public figure partners who had already demonstrated an early interest in going live" and others "who would have relevant use-cases for live, such as breaking news," Osofsky said.

The Journal said 17 of the contracts were worth at least $1 million and were part of an effort to promote Facebook Live, the new service that allows anyone to stream live content.

It said Facebook has not yet determined how to monetize the new video service but wants to develop a steady stream of content to draw in more viewers.

BuzzFeed, which drew millions to live video of an experiment to explode a watermelon earlier this year, is slated to receive $3.05 million and the New York Times $3.05 million, according to contracts seen by the Wall Street Journal.

(With Agency input)

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