TikTok introduces new paywalled 20-minute video feature
Publishing timestamp: 2023-03-07 12:22:49
Summary
TikTok announced a new feature called Series, which allows select creators to share longer videos that can be purchased behind a paywall. The cost of the paywalled content can range from $0.99 to $189.99. This feature is meant to compete with YouTube's long-form videos. Applications for the feature will be open in the coming months. Data privacy concerns have been raised due to TikTok's parent company, ByteDance, being based in China. A new bipartisan bill is set to be introduced to empower the Secretary of Commerce to take action against certain foreign technology companies, including ByteDance.
Sentiment: NEUTRAL
Keywords: joe biden, technology, social media, business news, snap inc, meta platforms inc, enterprise, internet,
Source: https://www.cnbc.com/2023/03/07/tiktok-introduces-new-paywalled-20-minute-video-feature-.html