On Tuesday, TikTok revealed a new way for creators to earn money from their video on the social network.
Certain creators will be able to publish longer videos that can be bought behind a paywall thanks to the new feature called Series. Up to 80 videos, each lasting up to 20 minutes, can be included in a single "Series". The cost of each creator's paywalled content will be up to them to decide.
On TikTok, users could previously only share videos that were 15 seconds long, 1 minute long, 3 minutes long, or 10 minutes long.
The addition of this function will make it even more competitive with websites like YouTube, which is renowned for its lengthy films. But, the rivalry between TikTok and YouTube is not new. As a direct competitor to TikTok, YouTube unveiled YouTube Shorts in August 2021. To compete with TikTok's explosive growth in the United States, other businesses like Meta and Snap have also launched short-form video capabilities.
In a press release, TikTok stated that only a small number of creators now have access to the Series option. In the upcoming months, the organization intends to start accepting applications from other applicants.
Due to the fact that TikTok's parent business, the China-based, privately held ByteDance, has raised privacy issues, these issues have been centered around TikTok.
The U.S. The House Foreign Affairs Committee decided to move the proposal that would grant TikTok ban authority to President Joe Biden. Sens. John Thune, R-South Dakota, and Mark Warner, D-Virginia, will present a new, bipartisan bill on Tuesday afternoon that would allow the Secretary of Commerce to take any action against ByteDance and other foreign technology firms.
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