Facebook Is Going Hollywood, Seeking Scripted TV Programming

Social networking giant Facebook Inc. is moving its ambitions in TV-quality video to the front burner, taking meetings and making deals with an eye toward launching a slate of original programming by the end of summer, people familiar with the matter said. In meetings with major talent agencies including Creative Artists Agency, United Talent Agency, William Morris Endeavor and International Creative Management Partners, Facebook has indicated it is willing to commit to production budgets as high as $3 million per episode, people familiar with the situation say. More...