Stat of the day: $3

The amount it'll cost to watch a film on Facebook, when its movie streaming service launches in September.

by Emma Haslett
Last Updated: 09 Oct 2013
Is there anything Facebook can’t do? The social network appears to have turned its sights on film rental, after Hollywood studio Miramax announced it’s planning to begin using Facebook to allow people to ‘rent’ films.

Starting in September, Facebook users will be able to pay $3 (that’s about £1.80) to have films streamed to their computer. By all accounts, Facebook will reap the benefits: users will only be able to pay for their films with ‘Facebook credits’ – of which the social network itself takes 30%.  

At the beginning, only 10 films, including Chicago, Kill Bill and Spy Kids will be available, but Miramax says it’ll be expanding the library as time goes on. The BBC has also announced plans to get in on the act, saying it’s planning to release some of its Top Gear specials, and the odd documentary, for 15 Facebook credits – the equivalent of about 90p.

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