Facebook Shares Ad Revenue for Video Creators

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abdullahhossen5
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Facebook Shares Ad Revenue for Video Creators

Post by abdullahhossen5 » Thu Jan 19, 2023 10:58 am

Meta Platforms Inc. is introducing music revenue sharing on Facebook to help creators monetize videos using licensed music, in an effort to better compete with rival TikTok . Over the past few years, licensed music doesn't seem to be widely used on social media. To avoid copyright lawsuits, creators often try to make sure that their videos don't play music. However, Facebook's most recent customization has opened up many opportunities for individuals in the video creative industry. Video creators will receive 20% of revenue from eligible videos, with a separate portion going to music and Meta copyright holders, the company said in a statement Monday. With the new revenue sharing model, music used in user-generated content must be at least 60 seconds long and must contain images.

Licensed audio cannot become the main content of the video. The feature will begin rolling out on Monday to video creators globally. Eligible videos will monetize with in-stream ads delivered initially in the US, and that will expand to Kenya Phone Number List the rest of the world, where the music will be available on Facebook in the coming months. However, while this sounds like a step in the right direction for content creators, it actually has some limitations. Currently, under an agreement with the program that is overseeing the new service, Rights Manager, only a select group of artists' music is protected. This small talent pool in the Licensed Music library includes Post Malone, Tove Lo, Grupo La Cambia, Leah Kate and Bicep.

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While the options are tight, it's definitely better than nothing. Facebook is also moving towards finding the perfect spot where artists and creators can strike a deal on who gets paid. This is the first time a social media platform is willing to provide revenue to users and at the same time pay licensors. However, Rights Manager may just be the weapon Facebook needs against video platform giant TikTok after it made a separate move to change the design of its feed. In the press release, Facebook stated that it is continuing to grow its library and enhance the experience for both users and musicians over time.

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