Today YouTube announced the expansion of its monetisation system with YouTube Partner Program (YPP). YouTube shared that it is expanding the platform’s monetization system to allow more creators to join the program by new ways for creators to earn revenue through Shorts, and re-imagining the music industry and creator dynamic by opening up ads monetization for those who feature music in their videos.
With this new chapter, YouTube now offers
ways for over
2M partners to make money. The expansion of the partner program will enable
more opportunities for creators and artists on the platform in all types of
different creative formats.
Starting from early 2023, Shorts-focused creators can apply to YPP by
meeting a threshold of 1K subscribers and 10M Shorts views over 90 days. These
new partners will be able to enjoy all the benefits YPP offers, including ads
monetization across Shorts and long-form YouTube videos. The long-from content
creators can still apply to YPP when they reach 1,000 subscribers and 4,000
watch hours. The expansion brings the new level of YPP with lower
requirements
YouTube also announced first-of-its-kind revenue sharing model for
Shorts. To reward the creators, the platform in 2023 will move away from a
fixed fund and doubling down on a unique revenue sharing model for Shorts for
both current and future YPP creators. Because ads run between videos in the
Shorts Feed, every month, revenue from these ads will be added together and
used to reward Shorts creators and help cover costs of music licensing. From
the overall amount allocated to creators, they will keep 45% of the revenue,
distributed based on their share of total Shorts views. The revenue share
remains the same, no matter if they use music or not.
YouTube will also launch Creator Music in which creators can easily
access an ever growing catalogue of music to use in their long-form
videos. Creators can now buy affordable, high-quality music licenses that offer
them full monetizing potential. This step will bridge the gap between the music
industry and creators. The creator music is currently in beta in the US and
will be expanding globally in 2023 which will offer a streamlined process for
creators and they will be able to instantly see the terms of their song
selection.
Farhan Qureshi, Google’s Regional Director for Pakistan, Bangladesh
& Sri Lanka, " Since 2007 the YouTube Partner Program has been
revolutionizing the lives of content creators and the creative industry. This
new chapter is one more step in the direction of creating a successful and
financially secure future for creative minds through YouTube Shorts, especially
the newcomers and mobile-first creators who will highly benefit from the
initiative.”
Today’s announcement reflects the diversity of the platform’s growing
creator community where users can promote their content on the platform with
the new monetization system of YouTube. For more details click here.
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