Who profits from video tweets? Twitter to share the wealth
Twitter has long offered revenue sharing to large entertainment companies. Now the social media giant is opening up that option to all users.
Twitter has long offered revenue sharing to large entertainment companies. Now the social media giant is opening up that option to all users.
Twitter聽Inc on Tuesday stepped up its battle to attract聽video聽talent to its platform, saying it will allow U.S. users who upload a聽video聽to share in any advertising revenue it generates.
Twitter, Facebook Inc, Snapchat and YouTube are all competing to keep or recruit top聽video聽talent as they seek to cash in on the wave of televison-style advertising that has been moving to the internet.
Twitter聽already offers revenue sharing to media and entertainment companies such as CBS Corp and the National Football League which post聽videos through its Amplify Publisher Program. That option will now be open to any聽Twitter聽user,聽Twitter聽said in a blog post.
The new program is designed to "provide creators of all sizes with the ability to monetize content in multiple ways and generate revenue at scale,"聽Guy Snir聽writes for Twitter.
YouTube has long offered its聽video聽stars a cut of revenue. Facebook, for its part, has ramped up its Live聽video聽product in recent months and paid a relatively small number of media companies and celebrities to generate聽video.
Facebook said it is testing ways to "create a sustainable, long-term monetization model for live video聽that includes new and different ways of sharing revenue with some partners."
Instagram and Snapchat also rely heavily on celebrities, who often have millions of followers, to encourage user engagement and growth by posting personal photos and聽videos.
Twitter's new program will offer聽video聽creators a 70 percent share of revenue. YouTube, which is owned by Alphabet Inc's Google, shares 55 percent of the ad revenue with content creators.
Twitter聽said individual users would also be allowed to share their聽videos on other platforms.
Under Chief Executive Jack Dorsey, the company has made a significant push into聽video, signing deals with several media companies and sports organizations to stream major events.
Twitter聽shares dipped 0.5 percent to close at $18.38 on the New York Stock Exchange on Tuesday.
(Reporting by Yasmeen Abutaleb in San Francisco and Narottam Medhora in Bengaluru; Editing by Kirti Pandey and Matthew Lewis)