Facebook has launched its Watch video service World Wide. Last year, the company has launched this service in United States as a platform for episodic TV content which is now going international.
The company has started the testing earlier this month. This new service lets you to find TV shows based on what your friends are watching, and you can also have conversations with other people watching the show during an episode.
Facebook Watch Video Service is now Available Globally
The users can get content via this new service called Watch video service from Vox, Buzzfeed, Discovery Communications, A&E Networks, and Walt Disney’s ABC. Users will also get content from sports such as Major League Baseball.
Initially Facebook will pay content creators for shows to drive interest. Shorter-form shows will be paid between $10,000 to $35,000 and longer shows could make up to $250,000.
55 percent of ad revenue will be earned by Content partners and the reminders will be taken by Facebook. According to Dan Rose, vice president of partnerships at Facebook that now the company is testing how ads will work within the shows. The tech giant will open the platform to everyone to submit shows. However, the company does not want to make content buying a part of its core strategy.