The long-awaited revenue-sharing scheme for Shorts artists on YouTube is almost here. The firm is launching a new Partner Program agreement today, ahead of the February 1st deadline for artists to start receiving ad share money on their Shorts views. Creators have until July 10th to accept the new Partner Program conditions from YouTube. The firm is introducing new “Monetization Modules” as part of the update to allow artists greater options over how they make money on YouTube — however, the company advises accepting all of them to unlock your maximum earning potential on the site. Creators with at least 1,000 subscribers and more than 10 million views on Shorts in a 90-day period may apply for the Partner Program, as previously stated. They must next approve the new “Shorts Monetization Module.”
With the launch of Shorts revenue sharing, YouTube announces the demise of its $100 million creator fund. However, the business anticipates that the majority of fund users will earn more via revenue sharing than they did through the fund. Because of the presence of music licencing, YouTube’s process for estimating how much each artist will get for their Shorts is tricky. As YouTube viewers watch Shorts, advertising will appear between videos on the Shorts Feed. The money earned by such adverts, according to YouTube, will be used to pay music licence providers and creators via a pooled pool that the business will divide at the end of each month. The amount of money allocated to the creator pool will be determined by the number of musical tracks used in the Shorts. If you post a video without music, all cash generated by that video will go to the creator pool. In the case of a Short with a single song, one-third of the money will be used to pay for licencing. Two-thirds of the budget for a Short with two tracks will go toward licencing.
Following that, YouTube will decide how to disburse the creator’s money. The cash will be distributed depending on a creator’s proportion of total Shorts views. So, if your films accounted for 5% of all qualifying Shorts views in your nation during the month of February, you would get 5% of the money in the fund, regardless of whether you utilised licenced music in your Shorts or not. YouTube then takes a 55% share of the remaining earnings, leaving you with 45 per cent. If you contributed $1,000 to the Creator Pool one month, you would get $450 after all was said and done.
