TikTok is ramping up its competition with Twitch, YouTube and others with this week’s launch of TikTok LIVE subscriptions, a new program that will allow creators to generate recurring revenue via payments from their top fans. Similar to the offerings from rival streaming sites, the new service will offer subscribers a range of perks including subscriber-only chat, custom emotes, badges and more.
The program will officially launch into beta testing on May 26, initially with a select number of creators who have been invited to participate, according to information published by TikTok to its @TikTokLIVE_creator account.
@tiktoklive_creator Welcome to LIVE subscription – connect with your community on a whole new level! #LIVESubs #TikTokLIVE ♬ original sound – TikTok LIVE Creator
Over the past week or so, TikTok has been teasing the program on the @TikTokLIVE_creator channel, which focuses on sharing updates aimed at the creator community.
In a series of videos featuring creators who will be among the first beta testers, we learned that, in addition to the usual subscriber benefits, subscribers will also be able to control the cameras on creators’ livestreams. In addition, the badges will update the longer a viewer is subscribed to give long-term subscribers more visibility, and creators will be able to personalize their LIVE rooms.
A number of creators have begun to share the news of their participation in the new beta with their fans across TikTok and elsewhere on social media. While some beta testers are game streamers, the program isn’t limited to that space. It appears TikTok has invited a broad variety of creators to try out subscriptions, including artists, vloggers, beauty experts, ASMR creators, Spanish-language creators, musicians, dancers and more. Each have custom-designed their own emotes for use with subscriptions.
Once set up, creators will have the option to turn their TikTok LIVE streams into a special “subscriber-only” mode that would give only paid subscribers the ability to comment, though anyone could watch. This could help creators get to know their best fans, offer exclusive fan Q&A’s, and potentially also limit trolling, given that people would have to subscribe to post comments.
Pricing for these streams has yet to be announced, but some creators have shared it’s “comparable” to Twitch’s pricing and the revenue share with TikTok is the same as it is on Twitch. For reference, Twitch subscriptions begin at $4.99 per month and Twitch takes a 30%-50% cut of subscription revenue (though a Bloomberg report says that may be changing).
Creators who announced their participation on TikTok’s creator channel have so far included: @shaarichie, @danielrene, @jackbethatsme, @coreyasmr, @thrdfloor, @tacticalgramma, @brklyntae and @ziggbee.
@tiktoklive_creator 5 days to go! Join @JACK BE to learn about LIVE subscription. #LIVESubs #TikTokLIVE ♬ Inspiring Upbeat – audiomechanica
The launch of TikTok LIVE subscriptions comes at a time when competition for creator talent is heating up, with top social platforms offering direct payments and bonuses designed to encourage creators to post original content to their apps. But longer term, social platforms know the best and most sustainable way to attract and retain talent is to offer creators tools to earn a living through their work. With subscriptions, creators can tap into recurring revenue streams that help them continue to fund their efforts without having to rely only on less predictable income, like bonuses, virtual tips from fans or brand deals.
TikTok isn’t the only platform to newly enter the subscriptions market. In January, Instagram also launched its first test of creator subscriptions in the U.S., which offers follows paid access to exclusive Instagram Live videos and Stories, among other standard perks. Twitter, too, has been testing out subscriptions with its Super Follows platform, which recently added the ability for creators to host Super Follows-only Spaces for their fans.
TikTok confirmed the details on its own TikTok creator account are accurate, adding that creators must be 18 years of age and have a minimum of 1,000 followers to access the LIVE subscriptions feature. Users must be over 18 to purchase a subscription and to send or receive Coins and Gifts, it also noted.
Update: Following our report, TikTok published its own announcement.
Source: Tech Crunch Social
TikTok to launch LIVE creator subscriptions this week