TikTok is Risa Sakamoto Archivesshutting down its Creator Fund.
This is devastating news for anyone who makes money off the app, which includes most social media creators. According to research from Epidemic Sound, 30 percent of creators said TikTok is the top platform for generating income, followed by YouTube (25.8 percent), Facebook (16.5 percent), Twitter (13.1 percent), and, at the bottom of the list with just 7.1 percent, Instagram.
SEE ALSO: TikTok announces a new way to pay its creatorsThe app will formally shut down the fund — which pays creators with at least 10,000 followers and at least 100,000 views on their videos in the last 30 days — on Dec. 16, according to a Monday report from Fortune. The news isn't entirely surprising: When TikTok first launched the Creator Fund in 2020, it said it would only be paying creators for three years.
A TikTok spokesperson said in a statement to TIMEthat the company is committed to creating "the best experience possible on TikTok and provide a robust ecosystem of monetization offerings to creators."
"Part of our efforts and ongoing commitment to provide requires us to evolve products and apply resources elsewhere to support creators best and explore new offerings," the spokesperson told TIME.
TikTok's creativity fund is still around through its Creativity Program, though. It pays approved creators who make videos longer than a minute. But unlike the Creator Fund, where you make money off all your videos, the Creativity Program only lets you make money on those longer-form videos.
"The Creativity Program was developed based on the learnings and feedback we've gained from the previous Creator Fund," TikTok told Mashable in a statement. "As we continue developing new ways to reward creators and enrich the TikTok experience, we value the feedback and direct insights from our community to help inform our decisions."
Looks like TikTok just took its next step into long-form content.
Topics Apps & Software TikTok
TikTok ban looms in U.S. Here's the latest.
Facebook's Mentorship and Support tool helps users reach their goals
'Call Me By Your Name' had to edit out Armie Hammer's private parts
Bitcoin and its meteoric rise looks like a classic bubble
Best Fire Stick deal: Save $20 on Amazon Fire Stick 4K
MacOS High Sierra vulnerability publicly disclosed weeks ago
An extreme weather pattern is about to envelop the Northern Hemisphere
5 reasons why you should participate in Giving Tuesday
Should You Quit Your Job To Go Make Video Games?
You can now doodle on photos sent to you on Instagram
Trump's science adviser pick is actually a good scientist
Official Super Mario cereal is coming to the U.S. (with amiibo functionality)
New Converse sneaker line uses GORE
Apple macOS High Sierra has a huge security vulnerability
Bestway Hydro
Our office played HQ Trivia together. Here's what we think of it.
Essential's Andy Rubin takes leave of absence after Google
Apple iPhone X is turning into the big risk that paid off
Amazon Big Spring Sale 2025: Best Apple deals on iPads, MacBooks, and more still live
'Destiny' fans turn innocent t
Sean Spicer: Being invited to the Emmys was 'a real honor''Outlander' says a heartbreaking goodbye to the Highlanders in our Cry of the WeekHackers hid malware in official CCleaner app and millions are at riskGoogle quietly added a new video feature to Google MapsEmmys predictions 2017: Who'll win Best Drama without Game of Thrones?Banksy is back with artwork that expertly skewers how institutions treat street artHow one software engineer is using an app to fight hunger in Nigeria'Mother!' first screenings: What audiences thoughtChina orders all Bitcoin exchanges to closeJemele Hill supporters take up the #NaziBucketChallengeNeil Gaiman and Terry Pratchett superfans, prepare to be unbelievably excitedEmmys 2017 winners: Full listBlocking hate speech from isn't hard, tech companies just need to careQR code made out of 130,000 carefully trimmed trees needs to be scanned from the skyFinally an explanation for all those weird 'Netflix is a joke' billboards'Rick and Morty's' song about terryfolds is actually charting on BillboardNeil Gaiman and Terry Pratchett superfans, prepare to be unbelievably excitedJon Hamm plays Boba Fett? Shut up and take our money, Star WarsWhy Jon Snow will need to kill Daenerys in Game of ThronesGoogle quietly added a new video feature to Google Maps After her viral moment, Lauren Duca is dealing with the worst of the internet Julian Assange ducks the tough questions in video Reddit AMA Channing Tatum gets social with Jenna Dewan's NSFW nap time The Walking Dead guide to startup survival Students denied entry at Taj Mahal because they don't resemble other Indians The emotional toll of covering climate change in the Trump era Obama says clean energy's momentum is 'irreversible,' even under Trump WeChat beats Google to the punch, releases apps that don't need downloading or installing Apple says a bug messed up Consumer Reports' MacBook Pro battery tests Spotify offers Barack Obama a gig as President of Playlists Kim Kardashian's chauffeur among those arrested in connection with Paris robbery Deshaun Watson foreshadowed his championship heroics for Clemson in an eerie tweet 4 years ago Volkswagen's new Microbus is even more 'hippie' than the original 'The Daily Show’s Trevor Noah calls Meryl Streep's speech 'tone Another year, another day of no one wearing trousers on London's tube Meryl Streep’s Globes speech was beautiful, heartfelt and played right into Donald Trump’s hands 'La La Land' looks set to smash yet another awards ceremony Tennis star Nick Kyrgios sports quite the anti Former Obama aides behind 'Keepin' It 1600' start a new podcast for the Trump era Samsung website reveals 'Bixby' name, thought to be an AI assistant
2.8054s , 8201.5625 kb
Copyright © 2025 Powered by 【Risa Sakamoto Archives】,Co-creation Information Network