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Facebook will begin compensating select video artists for posting their work on the network. Videos that keep viewers viewing for longer periods of time will receive a larger percentage of the money from these adverts, with Facebook keeping 45 percent. According to Facebook, its members watch four billion videos every day. The company says this deal is intended to encourage more original content production.
Artist Paul Thomas Anderson has been commissioned to make a film for Facebook. The movie is expected to be released in 2018 and will appear exclusively on the social network. It's not known what type of film it will be but it's believed that it may feature characters from Thomas' previous works such as There Will Be Blood and The Master.
It's also been reported that Facebook wants to create an original TV series that would run each week. The show would feature famous people talking about their lives.
These are just some of the many reports that have come out over the last few months about how much money Facebook is going to start making. It's estimated that the company is going to make up to $5 billion this year alone. That's more than EMI, Universal Music, and Warner Music combined.
The amount of money that Facebook makes is important because it's never really had any competition when it comes to advertising revenue. Google started offering advertisements that play before your YouTube videos around 2009 but since then Facebook has just continued to increase its market share.
Users may utilize this option to simply share all material with friends and followers within 24 hours and see who has watched their tale. While this is a "nice" function, it does have some limits. Facebook has long maintained the time restriction for videos submitted to stories at 20 seconds, and Messenger at 26 seconds.
In addition, only one story can be active at a time. This means that if you want to share two different videos - one with your audience and another with just your friends - you'll need to create two separate stories. Users can also submit stories via WhatsApp at any time. These submissions will display on Facebook as text messages and can contain up to 140 characters.
Messages and photos can only be shared with those specific to you. Your contacts list will appear when you're creating or editing a story and you can choose which ones should see what you post. If you delete a message or photo, it won't reappear for others to view until you remove them from the story too.
As well as using the standard messaging service, users can use the dedicated Story button to send stories directly from Photos. They can then read these stories in News Feed or via email. Users can also comment on stories by clicking the "comment" link next to each one. These comments will then show up in the corresponding user's news feed.