Facebook Reportedly Cuts Funding For News Show
Facebook Watch is a dedicated video hub on the social network. The company has been investing considerable capital in creating original content for Watch, including news shows. As Facebook Watch gets expanded to more markets across the globe, the company has reportedly cut funding for news shows on the platform.
The Information reports that Facebook has cut funding for some of the original news shows that it was making in partnership with Buzzfeed, CNN, and ABC News. The company’s budget for news content was around $90 million some of which has reportedly been relocated to other programs for Watch.
Facebook has been rolling out Watch gradually to more markets across the globe. It has now confirmed that Watch will be available to all users across the globe. Moreover, it will also be accessible through Facebook Lite.
It’s also looking to generate more revenue from this platform. Facebook has expanded its 15 sec ads to over a dozen new markets. However, the report mentions that ad revenue generated from Facebook Watch hasn’t been up to the company’s expectations.
It will continue to expand ads in more countries, nonetheless, as Watch grows further on desktops in the coming months. These markets may include South Africa, Hong Kong, Taiwan, Italy, Saudi Arabia, and more.
You May Also Like
Popular Right Now
- First Shutdown of Niagara Falls in 12,000 Years: A Rare Sight to Behold
- Former Google Engineer claims that humans will achieve immortality soon
- Romotow: The Foldable Camping Trailer Inspired By A USB Flash Drive
- LYRA: Swiss Startup Unveils AR Smart Glasses for Office Work, City Life, And Traveling
- Man Caught in China Smuggling $46K Worth of Intel CPUs Wrapped Around His Waist
- iPhone 15 Pro Max may bring thinner bezels than Xiaomi and Samsung’s latest flagships
- OpenAI's new GPT-4 with a "human-level performance" scored up to 93% on SAT exams
- iPhone SE 4 could be Apple's secret weapon to 'steal' budget customers from Samsung
- Lenovo Launches New Workstations, With Aston Martin DNA
- Ubergizmo’s Best of Mobile World Congress 2023
- TCL NXTPAPER 11 Tablet With Paper-like Screen Experience
- Nothing Phone 2 Coming To The U.S. In Late 2023
- Ubergizmo’s Best Of K-Startup @ CES
- Intel Core i9-13900T Shows Extraordinary Efficiency In Early Benchmarks
- Ubergizmo’s Top 3 MIK Products @ CES 2023
- Three LG gram Laptops For 2023. The Lightest Got Even Lighter