Facebook Watch is a service that provides streaming of videos hosted by Facebook and access to "Facebook Original" series, shows that receive funding from Facebook. For short-form videos, Facebook originally had a budget of roughly $10,000-$40,000 per episode, though renewal contracts have placed the budget in the $50,000-$70,000-range. Long-form TV-length series have budgets between $250,000 to over $1 million. The Wall Street Journal reported in September 2017 that the company was willing to spend up to $1 billion on original video content through 2018.
