|Bid||155.20 x 200|
|Ask||155.55 x 300|
|Day's Range||152.65 - 155.20|
|52 Week Range||108.23 - 155.59|
|PE Ratio (TTM)||39.43|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The social networking giant has indicated that it was willing to commit to production budgets as high as $3 million per episode, in meetings with Hollywood talent agencies, the Journal reported, citing people familiar with the matter. Facebook is hoping to target audiences from ages 13 to 34, with a focus on the 17 to 30 range. The company has already lined up "Strangers", a relationship drama, and a game show, "Last State Standing", the report said.
Facebook is talking to Hollywood studios and agencies about producing TV-quality shows with an eye toward launching original programming by late summer, people familiar with the matter said.
The app shows that the social media giant is getting serious about people sharing and posting videos on Facebook.