The NY Times reports that the two producers behind “Blood Diamonds” and “The Last Samurai” (and also “Thirtysomething”) and signed a deal with facebook to produce a web series called “quarterlife”. What makes this deal special is that it’s for FACEBOOK and apparently they’ve been given a sizable budget. The two producers, Marshall Herskovwitz and Edward Zwik, promise that this will be made
as a regular television series, made by network-caliber writers, directors and production crews. Each hourlong episode — about young people struggling to find their way after college — will be broken into six shorter segments, with a new one posted on MySpace TV each Sunday and Thursday night, beginning Nov. 11.
IMDB reports the deal this way:
The pair will reportedly receive $500,000 to produce a 48-minute drama called quarterlife (some reports spell the title with the “q” in lower case; others, in upper case), that will be offered on MySpace in six eight-minute installments.
Is it eight six-minute episodes? Or, as the NY Times reports, eight “hourlong episode — about young people struggling to find their way after college — will be broken into six shorter segments, with a new one posted on MySpace TV each Sunday and Thursday night, beginning Nov. 11.”
The NY Times article reports the financials slightly differently than IMDB:
Mr. Herskovitz declined to provide an exact budget, but said it would be substantially more than the $50,000 or $100,000 an hour that many higher-end Web series spend. He said the goal was to make shows that based on their hourlong pilot, were comparable in tone and presentation to network shows.
Makes me wonder just where the Farscape webisodes fall budgetwise.