Facebook is offering news outlets a range of 12-month budgets to produce content for its Watch channel. According to two publishing executives who spoke to the social media site, weekly shows were being offered between $1m and $2m, while proposals for daily programming were between $5m and $10m. The insiders said Facebook had begin asking for more weekly pitches, while Vox Media, Facebook’s head of news product, said Watch would carry “ a mix of daily briefings, weekly deep dives, and live coverage". BuzzFeed, CNN and Alex Hardiman have already pitched ideas.
Facebook is offering news outlets a range of 12-month budgets to produce content for its Watch channel. According to two publishing executives who spoke to the social media site, weekly shows were being offered between $1m and $2m, while proposals for daily programming were between $5m and $10m. The insiders said Facebook had begin asking for more weekly pitches, while Alex Hardiman, Facebook’s head of news product, said Watch would carry “ a mix of daily briefings, weekly deep dives, and live coverage". BuzzFeed, CNN and Vox Media have already pitched ideas.