With TikTok probably poised for a U.S. ban, YouTube is touting how effectively its personal TikTok competitor, YouTube Shorts, is paying off for creators. The corporate on Thursday mentioned its short-form video platform now averages over 70 billion every day views and over 25% of channels in YouTube’s Accomplice Progam monetize their movies by way of revenue-sharing on Shorts.
The information swiftly follows TikTok’s announcement earlier this month the place the ByteDance-owned quick video app mentioned that its revamped creator fund had elevated complete income by over 250% within the final six months. TikTok’s year-old fund, which changed TikTok’s $1 billion Creator Fund, is now exiting beta.
YouTube first launched monetization choices for Shorts creators in September 2022, with its plans for increasing the YouTube Accomplice Progam (YPP). Earlier than, YouTubers producing long-form video content material needed to have 1,000 subscribers and 4,000 watch hours to qualify for revenue-sharing. However beginning in early 2023, Shorts creators might meet a brand new threshold of 1,000 subscribers and 10 million Shorts views over 90 days. These creators would earn 45% of the advert income from their quick movies.
That program is now one 12 months outdated, the corporate says. What’s extra, YouTube notes that creators taking part within the companion program for Shorts typically monetize in different methods, as effectively. Over 80% of YPP creators producing cash by way of Shorts additionally earn from long-form promoting, fan funding, YouTube Premium, BrandConnects, Procuring, and different means. That signifies that creating for Shorts just isn’t essentially a standalone endeavor for a lot of, however somewhat serves as one side of creators’ bigger companies.
In complete, YouTube says its 16-year-old YPP now consists of over 3 million creators around the globe and has paid out $70 billion to creators, artists, and media firms in simply the final three years. That’s bigger than “some other creator monetization platform,” YouTube notes, in a swipe clearly geared toward TikTok.
