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Archive | 11:58 am

YouTube Planning New Crowdfunding Service for Video Creators

24 May

New crowdfunding feature will allow fans to directly contribute funds to their favorite video and music creators on YouTube

By Robert Hoskins

YouTube recently announced that they are planning a new Crowdfunding tool for people that upload videos. Wowser.  If you can upload a YouTube video and start raising money without the need for a crowdfunding platform such as Indiegogo, KarmaKrowd or Kickstarter, what will that do to the 1,000+ crowdfunding platform’s business model?

YouTube Planning Crowdfunding Service for Video Creators

YouTube Planning Crowdfunding Service for Video Creators

YouTube said:

“In the coming months, you’ll hear more from us about:

  • A separate mobile app that puts the creator features you told us were most important to have in the palm of your hand, right when you need them
  • A feature that allows fans to directly contribute funds to their favorite creators on YouTube
  • A way to harness the power of the crowd to create captions and subtitles for your videos in 60+ languages

These features will join a few recent updates, including new comment management features, a way for artists to share in revenue from eligible cover song videos, and our ever-expanding Creator Academy.”

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