Facebook’s latest ambition: becoming a hub for TV-style content

To make its mobile app as indispensable as possible, Facebook has introduced live streams, a booming virtual bazaar and free access to some of the best journalism.

But among the major missing pieces has been the kind of exclusive, Hollywood-style comedies, documentaries and dramas that are found on YouTube, Amazon, Netflix and, to a lesser degree, Snapchat. As subscriptions to cable TV decline, these online services have been there to capture the shift in subscription and advertising dollars.