Instagram’s paid creator subscriptions are still a tiny business

  • 📰 verge
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 67%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Meta said there are now 1 million active subscriptions to Instagram creators, just over a year after launch. It’s adding free trials and more subscribe buttons to help boost the service.

There are now 1 million paid subscriptions to creators on Instagram, slowly transforming the platform into a space where creators can get paid directly by their fans. It’s a big milestone but a small number for Instagram: the service has around 2 billion monthly users. Patreon, meanwhile, is estimated to have more than 30 million paid subscriptions — albeit with about a decade’s head start. Meta announced the milestone today alongside some other news related to creators getting paid.

Subscriptions initially launched in the US in July 2022 and then expanded to dozens more countries over the following months. Meta says it’s still expanding additional paid features, like “Instagram gifts” — essentially, paid tips — to more countries, too. The company still isn’t taking a cut of the money that creators make, though it plans to do so eventually.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 94. in AU

Australia Australia Latest News, Australia Australia Headlines