TikTok To Launch Ad Revenue-Sharing Program For Creators

A photo taken on December 14, 2018 in Paris shows the logo of the application TikTok. - TikTok, is a Chinese short-form video-sharing app, which has proved wildly popular this year. (Photo by JOEL SAGET / AFP)
A photo taken on December 14, 2018 in Paris shows the logo of the application TikTok. – TikTok, is a Chinese short-form video-sharing app, which has proved wildly popular this year. (Photo by JOEL SAGET / AFP)

 

TikTok on Wednesday announced an ad revenue-sharing program with the social media platform’s most prominent creators, moving closer to a model already used by its competitors.

The short-video format app has become wildly popular in recent years with more than a billion active users globally, but has been criticized for not providing a way for creators to effectively monetize content.

Under the new TikTok Pulse program, companies can place their ads next to user content in specific categories, including health, fashion, cooking, gaming and others — and creators will get a cut.

“We will begin exploring our first advertising revenue share program with creators, public figures and media publishers,” the company, a subsidiary of Chinese tech firm ByteDance, said in a statement.

“We’re focused on developing monetization solutions in available markets so that creators feel valued and rewarded on TikTok.”

Only accounts with at least 100,000 subscribers will be eligible for the first phase of the program, TikTok said.

The firm’s North America General Manager Sandie Hawkins told tech website The Verge that Pulse will roll out in the United States in June, and that approved creators will get a 50 percent cut of ad revenue.

In 2021, TikTok generated an estimated 4.6 billion dollars in revenue, according to industry publication Business of Apps.

That figure is more than double the previous year’s revenue, but remains roughly on par with competitor Snapchat, which has about 300 million daily users, according to Snapchat’s data.

Other major social networks that focus on video, such as YouTube, Instagram and Snapchat, have already implemented revenue-sharing systems.

See also  Kane Says He Would Swap Career Of Personal Glory To Win Euros For England
  • michaela

    Related Posts

    Queen IDIA Iye Esigie : Killing the Oba’s Mother – Around the 1500s, when the 15th Oba of Benin passed on to join his ancestors as a living god; the Kingdom was left with two contestants to the throne … Ringroad.com.ng

    Around the 1500s, when the 15th Oba of Benin passed on to join his ancestors as a living god; the Kingdom was left with two contestants to the throne. The…

    The First African American Invited to Dinner at the White House Which President Invited Him ?

    May 21, 2013 Eddie Deezen 2 comments Booker Taliaferro Washington In the autumn of 1901, Booker T. Washington, the great educator, author, and orator, was on a speaking tour.  In…

    You Missed

    5 Signs of Unhealthy Emotional Attachment in Relationships 

    • By 9jabook
    • November 2, 2024
    • 285 views
    5 Signs of Unhealthy Emotional Attachment in Relationships 

    Banke Kuku : Merging Fashion And Sustainability 

    • By 9jabook
    • November 1, 2024
    • 256 views
    Banke Kuku : Merging Fashion And Sustainability 

    Best of Intercontinental Dishes: Bringing Fiji’s Flavours to Your Table

    • By 9jabook
    • November 1, 2024
    • 313 views
    Best of Intercontinental Dishes: Bringing Fiji’s Flavours to Your Table

    Fatty Alcohols in Skincare :  6 Benefits You Need to Know 

    • By 9jabook
    • October 31, 2024
    • 271 views
    Fatty Alcohols in Skincare :  6 Benefits You Need to Know 

    #Unshakable Is A State Of Mind

    • By 9jabook
    • October 30, 2024
    • 220 views
    #Unshakable Is A State Of Mind

    Watch of the Week: Arrested Development 

    • By 9jabook
    • October 29, 2024
    • 251 views
    Watch of the Week: Arrested Development 
    Open chat
    Hello
    Can we help you?