Facebook Inc (NASDAQ:FB)’s new multi-million-dollar partnership with celebs and media companies is revealed by the Wall Street by disclosing some of its financial details. Facebook Inc is spending $2.2 million on live-streaming content agreements that comprises approximately two dozen internet stars from YouTube, and Vine.
CNN, The New York Times, and BuzzFeed are among the media companies who received more than $3 million to create videos for the growing service.
YouTube is making the most profitable deal worth of $224,000 for five and half months. Ray William Johnson, a YouTube star, for the online series “Equals Three Show,” is getting the deal. There are also other major players who will provide videos.
While in comparison to this, other internet stars are getting small sum. Vine Star Jon Paul Piques, one of the web sensations, will provide five videos over the next two months and receiving a large sum from Facebook worth of $119,000.
According to the Wall Street Journal, web stars such as Pique embrace about 15 percent of Facebook’s 140 media partners. Facebook is determined that it is not trying to tweak the celebs from the platforms but it wants to carrying out tests on its live-streaming network.
A recent report stated that Vine several executives has been gone over the past four months. This is because the video looping stage has been under great pressure to bid financial incentives to its major creators.
For its Live video censorship, Facebook Inc (NASDAQ:FB) has issued a policy statement related with violent or graphic images. Facebook is committed on permitting Live video to flourish as a means for raising social awareness, regardless of the disagreement that may ascend from that decision.