At its inaugural "Made on YouTube" event, the platform revealed that over the last three years, YouTube has paid creators, artists, and media companies more than $50B.
YouTube introduced the next chapter in rewarding creativity on the platform. At its inaugural "Made on YouTube" event, YouTube shared that it’s expanding the platform’s monetization system, the YouTube Partner Program (YPP), to allow more creators to join the program, introducing new ways for creators to earn revenue through Shorts, and re-imagining the music industry and creator dynamic by opening up ads monetization for those who feature music in their videos.
Today’s announcement reflects the diversity of the platform’s growing creator community and allows over 2M monetizing creators to make money on YouTube across any creative format. Today’s key announcement includes:
Commenting on the launch, Susan Wojcicki, CEO of YouTube, said, “The YouTube Partner Program was revolutionary when we launched it back in 2007, and it’s still revolutionary today. Over the last three years, YouTube has paid creators, artists, and media companies more than $50 billion dollars. That $50 billion dollars has changed the lives of creators around the world and enabled new voices and stories to be told. But we’re not done yet. When we introduced the YouTube Partner Program, we made a big bet: we succeed only when our creators succeed. And today, we’re doubling down. We’re introducing the next chapter in how we reward creativity on our platform by expanding access to our YouTube Partner program.”
Neal Mohan, YouTube’s Chief Product Officer, further added, “YouTube’s first-of-its-kind, industry-leading Partner Program changed the game for long-form video. And now we’re changing the game again, this time by opening it up to Short-form creators and introducing revenue sharing to Shorts. This is the first time revenue sharing is being offered for short-form video on any platform at scale, adding to the 10 ways creators can already earn revenue on YouTube. It’ll be available to all of those in YPP — including the new, mobile-first creators, who will be joining the program for the first time.”
Pedro Pina, YouTube’s VP of Europe, Middle East & Africa, said, “This is a pivotal moment for both YouTube & the creative ecosystem. In times of uncertainty, we’re bringing even more revenue opportunities to more creators and artists across more formats than ever - all of this is helping turbocharge an already healthy video ecosystem in MENA”.
Creators and artists are using YouTube to lead the next wave of the creator economy and share how the announcements shared today will impact the broader ecosystem.YouTube creator, Noor Stars commented, “YouTube monetizing Shorts shows us yet again why YouTube is a platform that respects creators and doesn’t take our content creation efforts for granted; the platform pays its creators to help take their content to the next level. YouTube also has the biggest music library, so with all that and monetization, YouTube is going above and beyond to support creators. The sky is the limit, and Shorts will skyrocket ”