TikTok is increasing its competition by partnering with Twitch, YouTube and others by launching this week TikTok LIVE subscriptions the new service that will enable creators to earn regular revenue through payments to their top users. Similar to the streaming services of rival websites this new service will give subscribers many benefits such as exclusive chat, custom badges, emotes and more.
This program is scheduled to begin beta testing on the 26th of May initially , with a limited few creators who were invited to take part, as per the details posted by TikTok on its account @TikTokLIVE_creator accounts.
To use to the LIVE Subscription feature, creators must be at minimum 18 years old as well as users at minimum the same age to be able to subscribe, TikTok said in the announcement.
The benefits for subscribers can include badges in digital format as well as in certain cases you can control the camera’s angles while streaming as per video clip posted by TikTok creators that are invited to participate.
TikTok earlier this month revealed the launch of an ad revenue-sharing partnership that will be a collaboration with the most well-known creators, a step closer to the model that is already in use by its rivals.
The short-video format application has seen a huge rise in recent times, with more than one billion active users worldwide However, it has been criticized for not offering a method for creators to profitably monetize their content.
As part of a TikTok Pulse program that will be launched across the United States next month, advertisers can put their ads on top of user content that is in certain categories. creators will receive a share.
“We will begin exploring our first advertising revenue share program with creators, public figures and media publishers,” the company, which is a affiliate of the Chinese technology firm ByteDance announced in an announcement.
Other social media platforms which focus on video like YouTube, Instagram and Snapchat have already implemented revenue-sharing systems.