MySpace Internet TV Show | News Corp’s $400,000 Per Episode Web TV Series

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It’s been reported that the News Corp owned social networking site, MySpace, may be commissioning an exclusive web TV show.

Whilst News Corp haven’t confirmed (or denied) the production, it’s alleged that a group of Hollywood talent has been assembled to start work on an original series.

Having plenty of pull in the TV and media industry in general, it’s certainly not unfathomable that News Corp would try its hand at online TV. It already has a massive potential audience in its MySpace community.

A Recipe for Success?

Other social networking sites have produced original online TV show content before (Facebook and Bebo for example) – but not to the scale of what may end up on the MySpace site. It’s rumored the News Corp production budget is a massive $400,000 per episode!

Add the budget with the MySpace community and News Corp’s media experience and it sounds like a recipe for success – We just need Mr Murdoch to confirm it!

MySpace also recently announced the launch of MySpaceTV, a video sharing site to compete against YouTube.

[Via News Blaze]