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Facebook Ready To Spend $1B On Original Video

Like Apple, Facebook is reportedly ready to spend upwards of $1 billion on original video content. “Facebook Inc. is loosening its purse strings in its drive to become a major hub for video,” The Wall Street Journal reports. Through 2018, “The social-media giant is willing to spend as much as $1 billion to cultivate original shows,” it writes, citing sources.

Read the whole story at The Wall Street Journal »

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