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Chronicles

The story behind the story

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Facebook confirms it is paying media companies to use Live Video; sources say New York Times, BuzzFeed, Huffington Post, among those getting paid

It's Not Just Celebrities — Facebook Is Paying Media Companies to Make Live Video, Too  —  Facebook wants big media companies like BuzzFeed

Re/code Kurt Wagner

Context & Ripple Effects

Re/code's confirmation turns rumor into policy: weeks after a source reported Facebook may pay six figures for celebrities to stream live, the company admits the same subsidy machine is aimed at institutions — The New York Times, BuzzFeed, and Huffington Post are named recipients.

That admission opened the ledger: by June, a document showed more than $50M spread across nearly 140 contracts, with BuzzFeed the single largest earner at $3.05M for one year. The story matters because it marks the moment Facebook started buying supply for Live Video rather than waiting for it.

First-order effects

  • BuzzFeed, The New York Times, and Huffington Post now have a direct revenue line from Facebook for live streams, giving them cash to staff video desks their own ad businesses could not yet fund.
  • Facebook converts Live Video from an empty feature into a supplied product overnight, since the named publishers can fill the format on schedule.

Second-order effects

  • Publishers gain negotiating leverage they never had over News Feed distribution: once Facebook pays per post, rivals must either match rates or lose exclusive attention — the same dynamic that later produced Facebook's 2017 deals paying up to $250K per episode for shows it would own.
  • The per-post structure Facebook offered creators — around $250K for 20 live posts a month over three months, per the related reporting — sets a de facto price list other platforms and talent agents now benchmark against.

Third-order effects

  • If the pattern holds, platform subsidies become structural revenue for digital media rather than a windfall — a dependency visible three years later when Facebook reportedly offered news partners up to $3M a year for placement in its News Tab.
  • Media economics split into two tiers: organizations that can sell live formats to platforms at scale, and those competing for leftover ad inventory — consolidation pressure follows whoever holds the payment relationship.

The trend: Social platforms are moving from hosting content to directly purchasing it, with Facebook's escalating payouts — from celebrity fees to contracted media deals to licensed shows — establishing the market rate for publisher video.