Facebook shareholder: Hollywood is a completely different monster Facebook shareholder: Hollywood is a completely different monster
11 Hours Ago | 04:42
Facebook is reportedly trying to enter the original content arena.
The social media company has already acquired unscripted shows from Buzzfeed and Vox Media, but several Facebook executives have been meeting with studio and talent agencies for more traditionally scripted TV shows, The Wall Street Journal reported on Sunday.
However, some observers believe Facebook is underestimating how difficult the barrier of entry is for an already established market.
"You have Netflix spending over $6 billion, Amazon over $4 billion and Hulu, who already has the connections with the studios," Gerber Kawasaki's Investment Group Leader Ben Dunbar told CNBC's "Closing Bell" on Thursday. "It's a tough space to come in at this point, and its very, very different from where Facebook's been."
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