17.03 2020 11:33h

The first stage of IGTV Monetization is officially being rolled out

But don't quit your day job yet! It will only be available to a select number of creators...
IGTV, Instagram IGTV, Social Media Addiction, IGTV News, Social media 2020, Social media app, Social Media Updates, Social Media Update, Feature, Social Media News, Social Media, Features, Instagram update, Instagram Updates, Instagram News, Instagram feature, Monetization, Advertisement

Content creators have been waiting patiently for Instagram to roll out a partnership program, similar to YouTube’s partnership between the platform and creators.

That time has finally arrived.

The platform has officially confirmed it is reaching out to selected creators to invite them to participate in the initial testing of in-stream advertisements on the content of their IGTV videos, according to Social Media Today.

"Instagram started reaching out to its top video creators last Friday, asking them to partner on ad tests," Bloomberg reports. "Those in the program will receive a 55% share of all advertising in IGTV, the same rate as YouTube, according to people familiar with the matter. The company will start testing the ads this spring."

Instagram made the decision to add IGTV previews in the application's main feed last February in order for creator to use this new aspect to reach the maximum capacity of the main application in order to direct users to their IGTV content stream, according to Social Media Today.

An important note to add is that the IGTV monetization tool was originally spotted last month by reverse engineer expert Jane Manchun Wong, who had posted on Twitter a series of images found below.

However, based on these images it is evident that this an eligible way for some kind of IGTV monetization but it is still unclear what kind of monetization features will be offered, according to Social Media Today.

Guess creators will need to keep their eyes on the platform and be patient for the time being. 

What are your thoughts? Let us know in the comments below.

Image credit: Unsplash

#sorelevant

Option to Add More than One Guest on IG Live is currently under Instagram's Consideration
Users might be able to live stream with more than one person at a time via Instagram Live!
New Digital Literary Resources and Tips for Workers Released by Facebook
Kids, parents and remote workers can get access to resources and tips via Facebook!
Celebrity-Hosted Daily Live-Streams Officially Launched by TikTok
TikTok's coming to the aid of its users by using its platform to bring entertainment amidst this lockdown!
Instagram's Latest Feature in Testing is a Set of Animated Selfie Stickers
A new set of animated selfie stickers coming to Insta Story soon...