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News Companies See Growth Opportunities In Movies

News organizations are looking at motion picture-style production as a potential growth avenue.
News organizations are looking at motion picture-style production as a potential growth avenue. Photo Credit: Flicker

WESTCHESTER COUNTY, N.Y. -- Thanks to the rise of online video content from media outlets like BuzzFeed, other news organizations are looking at motion pictures as a potential area for growth, according to The New York Times.

Over the past few years, major media outlets like CNN, Condé Nast and Newsweek have launched divisions aimed at longer-form documentary-style films that are intended to be screened in cinemas, The Times said.

The price to produce these films vary greatly. Some will be completed on a shoestring budget while others could cost millions, The Times reported.

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