Facebook to Invest in Hollywood TV Shows

Facebook set to invest big in original TV shows worth millions of dollars, and 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 social networking giant is still in search of a cheap TV show production, after agreeing to pay $3 million per episode. This is really a lot of money if you ask me.

Facebook has set "late summer" as a goal for its new original series' premieres and is expected to announce multiple titles as well as a reality show dubbed Last State Standing.

Facebook has offered millions to companies to stream live content on its feed and it's only logical to want in on the streaming business.

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