Yahoo to spend millions on original, high-end video content: report
Yahoo Inc. is planning to acquire the kind of original programming that typically winds up on high-end cable-TV networks and streaming services like Netflix, the Wall Street Journal has reported, citing people briefed on the company’s plans. The company is close to ordering four web series, these people said. Yahoo is looking for 10-episode, half-hour comedies with per-episode budgets ranging from $700,000 to a few million dollars, the people said. The projects being considered would be led by writers or directors with experience in television. “They want to blow it out big time,” said one of the people briefed about the plans.