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Snapchat, like Instagram to Put Ads Within Stories; Share Money With Creators 5t3b1d

Snapchat is currently testing it on s in the US. 176j1q

Snapchat, like Instagram to Put Ads Within Stories; Share Money With Creators

In recent years, Snapchat has added various ways for creators to monetise their presence 60s1o

Highlights
  • A wider rollout will be happening in the coming months
  • The company says the revenue share is based on a formula
  • The feature is only available to Snap Stars
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Snapchat is testing mid-roll ments that appear in the Stories of a small group of US creators, introducing a new way for creators on the app to earn money.

Snapchat will share the revenue with the creators. The company says the revenue share is based on a formula that takes into metrics like posting frequency and engagement. The feature is only available to Snap Stars, who are creators or public figures with large followings that have been verified on Snapchat, indicated by a gold star.

In recent years, Snapchat has added various ways for creators to monetise their presence on the app. Snapchat s already see ads in between friends' Stories and on the Discover section, but this is the first time creators will get a cut of the ad revenue on Stories.

This comes shortly after Snapchat signalled that s were moving toward Spotlight, Snapchat's TikTok equivalent.

In an effort to entice s to create more vertical video content for Spotlight, the company announced it would pay out $1 million (roughly Rs. 7.5 crore) per day through the end of 2020. Now, Snapchat says it pays millions of dollars a month to creators making top Spotlight videos. Last year, Snapchat announced Spotlight Challenges - cash prizes for s creating top videos using specific lenses, sounds, or topics. The company says it paid out more than $250 million (roughly Rs. 1,880 crore) to creators in 2021.

 


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