Facebook CEO Mark Zuckerberg on Monday said the social network’s tools for creators — includingand fan subscriptions — will be free until 2023. When the social network does eventually take a cut, it’ll be less than the and other companies take, Zuckerberg said in a post on Facebook.
“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. “And when we do introduce a revenue share, it will be less than the 30% that Apple and others take.”
Zuckerberg said in a follow-up comment that Facebook will also be launching a new payout interface so creators can see “how different companies’ fees and taxes are impacting their earnings.” The new interface will initially launch on web for paid events, Facebook said.
The social network launched its paid online events product last summer, inviting some people running Facebook pages to use tools designed to create, promote, host and monetize virtual live events. Since launch, event hosts have received 100% of revenue from ticket sales through Facebook Pay. Initially, Facebook planned to introduce a fee in August, but has now extended that until 2023. Apple and Google also agreed toon Facebook events to help people during the pandemic, but the social network says both companies will be collecting fees again next year.
Facebook has beenfor purchases that take place within apps running on iPhones and , the maker of popular battle royale game Fortnite, in its . Zuckerberg’s post came just hours ahead of the start of , the company’s annual conference for developers.