Facebook Won’t Take Cut of Creator Revenue Until 2023: Zuckerberg

Facebook will not take a cut of revenue from creators who make money on its platforms until 2023, at least, CEO and cofounder Mark Zuckerberg announced.

And Zuckerberg promised that when Facebook does adopt revenue sharing, it will be less than the 30% split that Apple and others require in their app stores (although he didn’t specify what the percentage would be).

“To help more creators make a living on our platforms, we’re going to keep paid online events, fan subscriptions, badges, and our upcoming independent news products free for creators until 2023,” Zuckerberg wrote in a Facebook post Monday. “And when we do introduce a revenue share, it will be less than the 30% that Apple and others take.”

Also Monday, Facebook is introducing a payout interface “to help creators better understand their payouts,” according to a company rep.

Starting with paid online events, creators will see what their payouts will be after taxes, refunds, and in-app purchase fees from purchases made on iOS and Android devices, where applicable. The interface will initially launch on web only for paid online events.

More to come.

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