May 24, 2017

Facebook signs deals with Buzzfeed, Vox for original shows

Noah Berger / AP

Facebook has signed deals with Vox Media, BuzzFeed, ATTN, Group Nine Media, and others to make shows for its video service, per Reuters. Facebook will not own the videos, which will range from 5-30 minutes, although it will own longer, scripted shows, for which it will pay up to $250,000. It will give show creators 55% of ad revenue.

Why it matters: Facebook is trying to gobble up more ad dollars by pushing out original content. Note: Facebook has been late to the content game. Platform competitors like Twitter, YouTube, and Snap have all been aggressively rolling out exclusive content deals with TV networks and investors have been waiting to hear from Facebook since they announced in February they would be producing and licensing original content.

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Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.

Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.