“I’m proud to say this is the first time real revenue sharing is being offered for short form video on any platform at scale,” said YouTube Chief Product Officer Neal Mohan. He’s right. TikTok has started experimenting with ad revenue sharing, but its efforts seem to focus more on the advertiser than the creator, as only the top 4% of all videos on TikTok can be monetized through its TikTok Pulse program. For the most part, creators have found it increasingly difficult to make money from TikTok’s Creator Fund. […]
YouTube Shorts is poised to become TikTok’s biggest competitor. If creators can make more money on Shorts than on TikTok, then they’re incentivized to make original content for the YouTube platform. YouTube also shared that this update to the Partner Program will enable the platform to license more music for use in Shorts, which could help encourage creators to use Shorts more often. Creators in the program will be compensated the same, regardless of whether they use licensed music. YouTube also unveiled Creator Music, now in beta testing. Creators can browse a large catalog of songs to purchase for use in their content, with the terms of the music rights spelled out in simple terms. They’ll also be able to opt for tracks with new revenue-sharing option where both creators and music rights holders earn money from their content.
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