For any entrepreneur the excitement of the new always exceeds the satisfaction of what you've already achieved so it was only a matter of time before the leader of the social media sphere looked for a new frontier to conquer. And that frontier is apparently television.

According to The Hollywood Reporter Facebook are close to inking a deal on a comedy series and have green-lit another as their first foray into the television landscape. The comedy series is Nicole Byer's show, Loosely Exactly Nicole, which MTV ran for one season before cancelling it. Based on the comedian and actress' life, if the deal goes ahead, Loosely Exactly Nicole will get its second season, but on Facebook's video platform instead of the MTV network.

Nicole Byer

The second show is, according to The Hollywood Reportera reality competition series called Last State Standing which is from the same producers as American Ninja Warrior. The show will feature one contestant from each of the 50 US states competing in different games for a chance to win a $500,000 cash prize. Production on the series has begun in LA.

The new shows are the hooks Facebook is hoping to lure viewers to their video tab, according to The Hollywood Reporter, "Facebook is said to be looking to spend about six figures per episode for full ownership (of the shows), which would give it the ability to release them to its global audience of 1.9 billion monthly active users." 

No news as yet on release dates for the shows.

Facebook nailed social, so now it’s moving into TV