IGTV has finally made a strong move into wooing content creators by announcing monetization partnerships. These are the details they've released.
As the influencer and creator world continues to heat up with platforms wooing content creators, IGTV has jumped into the fray.
IGTV’s Initial Monetization Offerings
There will be two initial offerings: ads and badges. They have also noted they will continue to expand their Live Shopping offering, as well.
IGTV Live Badges
There will also be badges sold through Instagram Live, which will be tested next month with a small group of creators. Viewers can choose between 3 badges, ranging in price from $0.99 to $4.99.
Once a badge is bought, it’ll show in front of a user’s name and their comments will populate higher than others.
IGTV will not be taking a cut of this revenue at first, but will move to a revenue sharing model in the future.
Ads will be showing and monetized for an initial group of 200 approved creators. The ads will be from larger brand name advertisers such as Ikea, Puma, Sephora, and others.
A 55% cut will go to the creators, according to Justin Osofsky, Instagram’s COO.
This will only be an initial group, with plans to expand being confirmed.
How IGTV Ads Will Appear
Users will only see ads after clicking away from the feed preview to view the full-screen version.
The ads will be in typical Instagram vertical proportions, and last up to 15 seconds.
Unlike what users are used to will full-screen ads in Stories, IGTV ads will NOT be a swipe up functionality. Users will tap through instead.
There may be additional experiences later in the year, such as the familiar feature of skipping ads.
The Rules of Monetization
To protect brand reputation, there is an Instagram monetization policy in place. It is stricter than the usual content policy on the platform, with the example given that you can’t curse or swear on videos you intend to monetize.
There are rules pertaining to formats, behaviors and categories/content types.
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