Facebook plans to buy original shows to fill its new video-only feed

Facebook wants to become more of a destination for video viewers, on par with Netflix, Hulu, Amazon and YouTube. That’s why the company is ramping up the roll-out of a video-only feed and paying publishers like CNN, The New York Times and BuzzFeed to produce live broadcasts. And it’s why the company is now looking to spend money to stock up on non-live shows.Read the full article