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Facebook is dropping $1 billion on video, and that's pretty great news

For years now, media companies have hoped and prayed that Facebook would get serious about shelling out cash to partners. Looks like that time has come. Facebook is reportedly prepared to spend up to $1 billion on video as part of its big move into original content, exemplified by its recent launch of Watch (Mashable is a Watch partner).  The news, reported by the Wall Street Journal, will come as sweet relief for many media companies that have found huge audiences on Facebook but little in the way of actual revenue.
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