Twitter is all ready to launch a new scheme that allows live streaming stars to make money off Twitter through its periscope service, on Wednesday.
This is Twitter’s first try at competing with online monetization services such as Tsu, Youtube, and others. Twitter aims at promoting entertainment and providing exposure to online entertainers. According to Periscope’s director of engineering Sara Haider
“The spirit and the goal is for all broadcasters to be able to do this.”
Initially, this service will only be available to broadcasters from the United States of America, however, Twitter plans on expanding this service to other countries.
How To Cash In From Periscope on Twitter
Basically, people watching periscope would be able to pay online streamers or performers by sending a variety of heart shapes which according to Twitter is an online currency available for purchase. According to Twitter:
“Broadcasters who receive the equivalent of about $175 in super hearts will be designated super broadcasters and be able to cash out the money as earnings.”
Of the money earned, the 70% of the revenue will go to the broadcasters once the fees and other processes have been completed. Twitter launched its online streaming service; Periscope in 2015. In only 3 months, 77 million hours of live streaming by users had been recorded. Twitter, however, denied disclosing its own estimated revenue from the service.
YouTube’s Plans Of Online Streaming
YouTube offers one of the best monetization services. Millions of users cash in money of their videos through YouTube. To add to perspective, YouTube offers good money to successful YouTube channels. YouTube in February had also been working on a project to allow users to stream online using mobile devices. However to be eligible to avail this service, one must have 10,000 subscribers on their YouTube channel.