Faecbook & NBC Reach Olympics Agreement

Facebook and NBC have agreed to share their content – on TV and online – during NBC’s live coverage of the Olympic Games next month. Facebook and Instagram posts will be included in live TV, while NBC will post original and exclusive TV content to the social network. As well, NBC commentators will answer user questions in real time online. It mirrors Facebook’s partnership with Fox Sports, who in the past agreed to partner with Facebook for the NFL and college football seasons. The two deals – one on the heels of the other – point to a new way of doing business for the TV and Internet-based content industries, one that relies on complete unification across the mediums available to them. As TV continues to try and remain relevant in the era of cordcutting, moving online in this way may represent a viable solution to an increasingly challenging problem.