YouTube New Update Monetization: What Should You Expect In 2024?

Have you heard about the YouTube new update monetization yet? Well, if you want to earn money from this video-sharing platform, you’ve set your goal to get 4000 hours. Along with increasing your subscriber count to 1000 in a year. But have you tried your hands on making YouTube shorts yet?

If you haven’t, you must start on it today! Because the video-sharing giant is working toward revising the YouTube shorts monetization update! Well, if you make Instagram reels and TikTok videos, then it’s not going to be hard for you! There’s a new update in the YPP, and YouTube is ready to launch Creator Music!

YouTube now plans to run ads on Shorts which will help the content creators to earn money from the shorts videos!

There’s a new update in the YPP, and YouTube is ready to launch Creator Music! This is the main highlight of the entire YouTube new update monetization! But there’s more to it, and we’re gonna unveil this further!

YouTube Monetization Update: Everything You Need To Know!

The YouTube monetization update is mainly going to focus on three things:

1. Revising the YouTube Partner Program
2. Offering the opportunity to earn money through YouTube shorts
3. Ways to earn money through content that uses popular music

Let’s discuss these briefly to understand how will this benefit you as a content creator.

YouTube monetization new update: The YT Partner Program

According to the new YouTube Partner Program, you can apply for monetization if you have 1000 subscribers and 10 million views on YT shorts within 90 days. So if you’ve not yet qualified for monetization, this is your chance to become a YT partner! You will earn money through the ads on shorts and other ways that include super chat, super stickers, super thanks, and channel memberships.

Nothing changes with the existing YouTube Partner Policy, though! You can still apply for monetization if you have 1000 subscribers and 4000 watch hours. But you can also apply for monetization on YT if you have 1000 subscribers along with 10 million views on your YT shorts in 90 days.

YouTube shorts monetization update

YouTube launched YT shorts to compete with TikTok and gained an overwhelming response with 30 billion views and 1.5 billion monthly users! With its succession, the video-sharing giant now works towards monetizing it! Here’s how the new YouTube shorts monetization update is gonna work:

1. The existing and new content YPP creators will be eligible to share revenue on Shorts with YouTube.
2. Ads will be running between videos in the shorts feed. The revenue earned from these ads will be used to reward the content creators making shorts. Also, this revenue will help in covering the costs of music licensing.
3. Out of the total amount, creators will be eligible for 45% of the revenue. Also, this will be distributed on the basis of total views received on shorts.

YouTube is also introducing the super thanks feature for shorts in beta. You can expect a complete roll in the next year. So your viewers can appreciate you, and in return, you can engage with your fans.

Also, as a content creator, you will be able to make sponsored content. YT is building bridges between short content creators and brands through YouTube BrandConnect.

Advancing monetization on YouTube through soundtracks

We all know the importance of music in shorts. But the music license complexities sometimes are the reason content creators do not get paid. Therefore, YouTube is launching Creator Music which will be a part of the Creator Studio.

Creator Music will have a growing list of music that you can use in long-form videos. So as a creator, you can buy high-quality music. But if you don’t wish to buy music tracks, you can share revenue with the artists who’ve created the track and the copyright holders.

The Creator music is currently in the beta version and available in the United States. Soon it will be expanding to other countries in 2024.

Frequently Asked Questions

Q1. Is YouTube changing monetization policy?

YouTube isn’t changing the monetization policy. You can still apply to the YPP once you have 1000 subscribers and 4000 watch hours within 12 months. But you can also become a part of the YPP if you have 1000 subscribers and 10 million views on your shorts within 90 days.

Q2. What are the YouTube Shorts monetization requirements?

According to the new YouTube monetization rules, you need to have 10 million views on YouTube shorts along with 1000 subscribers on your YT channel within 90 days.

Q3. Will YouTube monetize Shorts?

In 2024, YouTube will monetize shorts! They plan to run ads on YT shorts. Out of the total amount, the content creators are eligible for 45% of the revenue. Also, the amount will depend on the total views you receive on YT shorts.

Q4. Can you monetize YouTube Shorts without 1000?

No, you cannot be eligible for YouTube monetization if you do not have 1000 subscribers on your YT channel. Along with the number of subscribers, you should either have 4000 watch hours on your YT videos within 12 months. Or you must have 1000 subscribers along with having 10 million views on your YT shorts within 90 days.

Q5. Do YouTube Shorts count as views?

Previously, YouTube wasn’t counting the views on shorts for monetization. But now, you can become a part of the YPP if you have 10 million views on YT shorts, along with having 1000 subscribers within 90 days.

YouTube has always been supportive of content creators! It has always worked towards uplifting new content creators. Therefore the video-sharing platform came up with the YouTube new update monetization. According to this,

• There’s a new revision in the YPP. You can now apply for YT monetization if you have 10 million views on YT shorts, along with 1000 subscribers within 90 days on your YT channel.
• YouTube will run ads on YT shorts. The existing and new content creators will be eligible for 45% of the revenue, depending on the total number of views received on your YT shorts.
•  YouTube is introducing Creator Music to avoid the music license complexities.

Along with running ads on YT shorts, they will also introduce the Super Thanks feature in beta. Also, the YouTube BrandConnect will soon be in the picture to connect creators making shorts and brands. So if you haven’t created YT shorts before, you should start today! Here’s how you can crack the shorts algorithm on YouTube. There’s more to come from YouTube yet! They are currently working on some updates and will be announcing them soon.