Yahoo is planning to boost their online videos efforts by acquiring high-end original video programming.
According to The Guardian, Yahoo is planning to release four web comedy series, each half-hour long and are expected to have per-episode budgets of up to a few million dollars.
With this move, Yahoo will be competing against the likes of Amazon, Hulu, Netflix etc.
In late March, Yahoo was reportedly in talks to acquire video syndication service News Distribution Network for 300 million dollars, another move aimed at better economic terms, the report added.
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