Back in January, YouTube co-founder Chad Hurley confirmed plans to share revenue with users who upload original content to YouTube. At the time, he said not to expect it right away, but also not to expect one big release. Instead, the feature would be rolled out over the period of a few months.
Several sources are reporting that YouTube is now in fact ready to start rolling this feature out as soon as next week. Revenue would be split 50/50, and users will have the option of selecting whether they want the ads at the beginning or the end of their video.
This continues YouTube’s quest to promote creativity which they thrive off of. Recent numbers indicate just how important original, creative, non-copyrighted material is for YouTube. While many people thought they really needed the big media to stay afloat, they’ve proven that they don’t.
YouTube wouldn’t be the first online video service to split revenue with their users. Revver and Metacafe have shared the wealth with their users, and some of them have made a pretty penny off of it. The more popular your video becomes, the more money you make — which will help push the creative content.
Also keep in mind that YouTube’s filtering system is set to debut soon– perhaps “claim your content” and revenue sharing will be launched at the same time?
Source: Mashable
I LOVE metacafe. i’ve made about $5,000 there in the past 2 or so months that i’ve been there.
i don’t really know how gootube is supposed to really check everytghing for copyrighted content and make sure that everyone signing up for rev share will be the real owners of the video.
not to mention that the only way to really make it on yt is to be featured, which means they will either be hand picking who gets paid – opening the door to a lot of yelling about who gets featured – or they’ll feature only those who aren’t trying to get paid.
and then people will see they’re earning like 40 cents on their videos.
I hadn’t really used MetaCafe before, but if I had a lot of original content I surely would post it there. I like that they share the revenue and it is awesome that you have made $5,000 in just 2 months. Which movies are some of your bigger money makers?