Report: Facebook is paying more than $50 million to publishers and celebs for live streaming

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Facebook’s live streaming platform is proving to be a significant source of cash for some media companies.  

The social network is paying out more than $50 million to publishers and celebrities who produce content for Facebook Live, according to “a document” reviewed by the Wall Street Journal

Facebook has contracts with close to 140 publishers and celebrities, the report saidFacebook made deals with several media partners (including Mashable) following the launch of its live streaming platform last summer, but the value of these deals was previously unknown.  Read more…

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