Facebook will spend 1 billion a year on its own netflix

It is well known that Facebook's plans go far beyond the social network. After buying other applications such as Instagram or WhatsApp, Mark Zuckerberg's company seeks to continue its expansion. They have already shown interest in video content. And recently they bid for the rights of the cricket league in India.

Facebook will spend 1 billion a year on its own Netflix

So you could already guess that the company is increasingly turning to video content. For this reason, Facebook now seeks to create its own platform on which to create its own productions and broadcast live content. All this at a cost of 1, 000 million dollars a year.

Facebook creates its own Netflix

The idea is to compete with platforms like Netflix or Amazon that are gaining a lot of popularity among consumers. Facebook has already reached some agreements to carry out live sports broadcasts, but it is already rumored that they are also working on their own content. Among those original contents we can expect both series and movies.

In the United States, Facebook already has a section dedicated to television, so they have been exploiting that area for some time where they see great potential. But now, they seek to create their own exclusive content with which to be one more competitor in the streaming services market.

At the moment it is not known when they will start their own broadcasts and when the first series will arrive. There is no confirmation on that from Facebook. What is said is that $ 1 billion is a relatively low investment compared to the money Netflix invests each year.