https://www.theverge.com/2021/5/21/22447328/twitter-ticketed-spaces-monetization-stripe-approval

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Twitter previews Ticketed Spaces, says it'll take a 20 percent cut of
sales

New, 8 comments

After Apple and Google's cut

By Ashley Carman@ashleyrcarman May 21, 2021, 11:02am EDT

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[twittermon] Twitter will launch its Ticketed Spaces in the next
couple weeks. Image: Twitter

Twitter's getting ready for the launch of its Ticketed Spaces
feature, and today, it's previewing what users can expect when they
go to host their first one. US users will be able to apply to host
paid live audio rooms starting in the next couple weeks. Anyone who
wants to charge has to have 1,000 followers, have hosted three spaces
in the past 30 days, and be at least 18 years old.

The company is partnering with Stripe to handle payments, and it says
users will receive 80 percent of revenue after Apple and Google's
in-app purchase fees are taken. So if you sell a $10 ticket, Apple
would presumably take a 30 percent cut, leaving you and Twitter to
split the remaining $7. Eighty percent would go to you, and 20
percent would go to Twitter. The company says it'll cover the cost of
Stripe's transaction fees. (Hosts will also need a Stripe account.)

You can see the full product flow below:

Grid View
[]

  * [01_Entry_p] Twitter
  * [02_Monetiz] Twitter
  * [03_Educati] Twitter
  * [04_Educati] Twitter
  * [05_Agree_a] Twitter
  * [06_Applica] Twitter
  * [07_Applica] Twitter
  * [08_Applica] Twitter
  * [09_Stripe] Twitter

A Twitter spokesperson says initial applications, when they open,
will be processed within a few weeks, and the team plans to start
with a small test group. Although only US users will be able to host
these ticketed spaces for now, anyone around the globe can purchase
access. Spaces just began allowing anyone with more than 600
followers to host and added the ability to schedule an event, and the
company says it's working on co-hosted spaces as well.

This live audio function is among the multiple ways Twitter has
announced that it will help its users monetize. It's planning Super
Follows, too, which will let people pay for bonus content, like a
newsletter subscription and more tweets, and it's launching a
communities feature. The company hasn't said whether the 80 / 20
split will also apply to Super Follows.

Twitter also might offer a bigger subscription product called Twitter
Blue, which could let people pay for additional features, like the
ability to undo tweets. Although Twitter's product has remained
mostly stagnant for years, it's issued a rapid-fire succession of
consumer-facing product announcements this past year, seemingly all
in an effort to diversify its revenue and build a more fully rounded
place where people can consume a variety of content across text,
audio, and video.

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