Facebook announced it’s expanding its paid online events and fan subscriptions features to many more markets.
Since Facebook announced its paid online event feature back in August of last year, the feature has “grown tremendously,” giving many content creators another way to monetize their presence on the platform.
The feature has led many Pages to host different kinds of online events – i.e., cooking classes, Live podcast recordings, virtual tours, make-up tutorials, and many more. As a result, many creators are able to reach much larger audiences and monetize their presence much more effectively.
The paid online events feature is currently available in 20 countries but is about to expand to 24 more countries in the next few weeks – Argentina, Austria, Bangladesh, Bolivia, Colombia, Denmark, Ecuador, Egypt, Guatemala, Hong Kong, Indonesia, Ireland, Malaysia, Morocco, New Zealand, Peru, Portugal, South Africa, Switzerland, Taiwan, Thailand, the Philippines, Turkey, and the United Arab Emirates.
Fan subscriptions – another feature launched last year – has also shown promising growth, with over 1 million active fan subscriptions to date.
The feature, which gives content creators another “reliable source of revenue,” is available in more than 25 markets and will now be expanding to 10 others in the next few months; Austria, Belgium, Denmark, Finland, Ireland, New Zealand, Norway, Sweden, Switzerland, and Turkey.
Facebook promises it won’t collect revenue share from either feature until August 2021.