Facebook will now allow art creators to charge viewers to watch live streams on the platform.
This is one of the ways the social media platform intends to support artists who have lost lots of revenue due to the coronavirus-related lockdown in many nations.
The date the new profitable livestream feature will start has not yet being announced. Revenue share will also apparently be announced at a future date – perhaps once the feature is introduced.
This new Facebook plan will allow to Pages to charge for access to events with Live videos on Facebook – anything from online performances to classes to professional conferences.
This new feature will allow artistes to stage virtual concerts with ticket prices. Contents such as the popular “Versus Battle” may be staged for profit.
The “Verzus Battles”have garnered about 500,000 viewership in some instances. Tory Lanez brings in more than 300,000 people to his “Quarantine Radio” livestreams.
This confirms there is a great opportunity to earn a good revenue, especially when the artists convert a percentage of viewers to pay for their Facebook livestreams.
Facebook is restoring Live With, which allows users to livestream with another person and is making it possible to add a donate button to live videos too. The donate button aiding allows help to raise money for nonprofit organizations.