We all already understand Facebook Facebook Live 's service for video streaming, while now the largest social network in the world has signed an agreement for the creation of content with many famous people and some major media companies . According to a recent report said that Facebook would pay about 50 million dollars to have content produced for Facebook Live . Facebook apparently has signed agreements with media companies like Mashable , Vox Media , New York Times , Huffington Post , BuzzFeed and other .
They have signed agreements with famous people contents as Ramday Gordon , Kevin Hart , Deepak Chopra and NFL quarterback , Russell Wilson . BuzzFeed is apparently the highest paid media and as part of the deal that will take 3:05 dollars to broadcast content over the next twelve months . Video is already a very popular service Facebook and the company is looking to increase this popularity even further with new content agreements . Over 100 million hours of video viewed on social network every day
