TikTok to allow creators to sell collections of long-format videos

Chinese short-video sharing app TikTok mentioned on Tuesday it is going to enable some creators to provide collections of longer movies and cost their viewers a premium for entry, opening up a brand new channel of monetization for its customers.

Its new providing “Series” will enable eligible creators to place collections of as much as 80 movies, every about 20 minutes lengthy behind a paywall. Currently, the allowed size of a video on TikTok is as much as 10 minutes.

TikTok, which has disrupted the social media area largely dominated by Meta Platforms Inc’s Facebook and Instagram with its short-form movies and a complicated advice engine, is now taking a shot at YouTube.

TikTok mentioned its customers are more and more coming to the platform for content material like must-know spreadsheet shortcuts, exercise routines and recipe guides, areas the place YouTube nonetheless stays the dominant vacation spot.

It shouldn’t be clear whether or not TikTok will take a reduce from the creators. The firm already affords its creators the flexibility to obtain suggestions and presents, in addition to manages a fund to incentivize them to develop their viewers.

TikTok, owned by China’s ByteDance, hit 1 billion month-to-month lively customers in September 2021 and has not reported its person base since. In comparability, Facebook had almost 3 billion month-to-month lively customers as of December 2022.

Stay on prime of expertise and startup news that issues. Subscribe to our every day publication for the newest and must-read tech news, delivered straight to your inbox.