Zuckerberg Says Facebook Won’t Take Cut of Creator Revenue Until 2023, Takes Swipe at Apple’s Fees
Facebook will not take a cut of revenue from creators who make money on its platforms until 2023, CEO and cofounder Mark Zuckerberg announced.
And Zuckerberg promised that when Facebook does begin collecting a cut of revenue, it will be less than the 30% that Apple and others take (although he didn’t specify what the percentage would be).
“To help more creators make a living on our platforms, we’re going to keep paid online events, fan subscriptions, badges, and our upcoming independent news products free for creators until 2023,” Zuckerberg wrote in a Facebook post Monday. “And when we do introduce a revenue share, it will be less than the 30% that Apple and others take.”
Also Monday, Facebook is introducing a payout interface “to help creators better understand their payouts,” according to a company rep.
Starting with paid online events, creators will see what their payouts will be after taxes, refunds, and in-app purchase fees from purchases made on iOS and Android devices, where applicable. The interface will initially launch on web only for paid online events.
More to come.
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