Twitter users will soon be able to monetize content with subscription

Twitter users will soon be able to monetize content with subscription

The Subscriptions feature will let you charge users to get access to things like subscriber-only tweets, spaces, and badges.

FPJ Web DeskUpdated: Friday, April 14, 2023, 12:29 PM IST
article-image
Twitter users will soon be able to monetize content with subscription | Image: Wikipedia (Representative)

Twitter will soon allow its users to charge for access to their content like longform text or long length videos, said Elon Musk, CEO of Twitter on Thursday.

Musk has renamed its "Super Follows" feature, which lets you subscribe to individual users to access some exclusive content, to simply "Subscriptions". The Subscriptions feature will let you charge users to get access to things like subscriber-only tweets, spaces, and badges.

Users can find the feature in the "Monetization" section of settings.

"Apply to offer your followers subscriptions of any material, from longform text to hours-long video! Just tap on "Monetization" in settings," he tweeted on Thursday.

Moreover, Musk said that for the next 12 months, Twitter will not keep any money from users, which they will earn from their monetised content.

"You will receive whatever money we receive, so that's 70 per cent for subscriptions on iOS & Android (they charge 30 per cent) and 92 per cent on the web (could be better, depending on payment processor)," he added.

However, after the completion of 12 months, the iOS and Android fees will drop to 15 per cent, and the company will add a smaller amount on top of that based on volume.

What are the subscription charges?

Creators will be allowed to set the price of their Subscription offering by choosing from one of three price points made available by Twitter -- $2.99, $4.99, or $9.99, according to the company.

The tech billionaire also mentioned that the company will also help promote the work of creators on the platform.

"Our goal is to maximise creator prosperity. At any point, you can leave our platform and take your work with you. Easy in, easy out," Musk said.

With inputs from IANS

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Business Messaging, WhatsApp Engines Of Growth; Biz Digitisation Driving Headroom: Meta India Head

Business Messaging, WhatsApp Engines Of Growth; Biz Digitisation Driving Headroom: Meta India Head

Sudha Murthy Alleges Misuse Of Her Name At US Events, Files Complaint In Bengaluru: Report

Sudha Murthy Alleges Misuse Of Her Name At US Events, Files Complaint In Bengaluru: Report

ICICI Lombard Appoints Sanjeev Mantri As Managing Director & CEO Of The Company

ICICI Lombard Appoints Sanjeev Mantri As Managing Director & CEO Of The Company

RBI Likely To Keep Interest Rate Unchanged As Inflation Still High: Experts

RBI Likely To Keep Interest Rate Unchanged As Inflation Still High: Experts

Reliance Retail Receives Full Subscription Amount Of ₹2,069.50 Cr From KKR, Allots 1.71 Cr Shares

Reliance Retail Receives Full Subscription Amount Of ₹2,069.50 Cr From KKR, Allots 1.71 Cr Shares