YouTube recently previewed upcoming features for creators on their blog. Some of these features are now live, as YouTube unveiled many new features at VidCon in Anaheim, California.
The biggest announcement is integrated crowdfunding.
Fans will be able to give money to their favorite YouTube channels at any time. This puts YouTube head-to-head with platforms like Patreon. Some popular channels are currently testing the feature, and it will soon launch on desktop and Android.
YouTube has also launched a new YouTube Creator Studio app that will provide on-the-go channel management. The app will provide analytics and management tools. It is currently available on Android, and will soon be available on iOS.
Other announcement highlights include an expanded audio library, increased frame rates, and fan-sourced subtitles.
Be aware that Google not only keeps the usual 5% — it also takes 21 cents per donation.
This means Google keeps 26% of each transaction, if we assume the average user donates $1. Which makes YouTube’s Fan Funding the most expensive crowdfunding platform on the planet.
Another reason to stay away from the new YouTube…
…plus, the upper limit is $500 which makes no sense at all.
It’s 5% + .21 cents, not 26%
Assuming that the donation is $1… %5 is 0.05 + 0.21 = 0.26 which is %26….
Except the average donation on most crowdfunding sites is closer to $50-$80 range
So basing your calculations on $1 doesn’t make much sense…
Still like VHX the most
https://www.vhx.tv/
There is a pattern emerging from these highly successful tech companies that possess the ability to scale far beyond what we’ve seen in other businesses before. They grow beyond their original vision and become magnets of wealth and power. It goes beyond success and crosses into control and dominance.
We saw this with Microsoft and now we are seeing it with Google and Amazon. They don’t invite collaboration, they need to own the space in its’ entirety. They suck the oxygen and the life out of the room.
Instead of inviting and encouraging outside innovation, they want it all.
Especially in the sense that it CRUSHES any individual or small companies chances at competition.
You could most likely label them as monopolies.