Facebook Reels

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Facebook Reels or Reels on Facebook is a short-form video-sharing platform complete with music, audio and artificial effects, offered by Facebook, an online social networking service owned by American company Meta Platforms. Similar to Facebook's main service, the platform hosts user-generated content, but it only allows for pieces to be 90 seconds long and have a 9:16 aspect ratio.

Contents

History

In March 2021, Facebook started experimenting with showing vertical videos up to 30 seconds for US and India users. Facebook Reels was originally released in United States in September 2021, following India's TikTok ban. [1] Later on Facebook Reels was globally released in February 2022, after releases in 150 countries. [2] [3] The video length was increased to 90 seconds in March 2023. [4]

Bonus

Facebook launched the Reels Play Bonus program as "Challenges" program on Facebook in October 2021 as a way to reward outstanding Reels creators. Facebook stated that there will be "a $1B bonus dispersed over the course of 2021–2022" and described it as a method to "monetize and compensate creators for their content." [5] [6] The Reels Play Bonus program initially was the creators of United States, Canada and Mexico. Later Facebook expanded their Reels Play Bonus program to more countries for select group of people and the program is invite-only. [7] [8]

Requirements

According to Meta, Facebook has introduced a new way to let creators participating in the Reels Play Bonus program, earn up to $4,000 per month. Meta clarifies: [9]

Monetization

Facebook began testing an ad monetization platform for Reels content in February 2022, giving users another way to make money off of their work. Facebook said that Reels monetization would be implemented gradually. By the middle of March, practically all the countries that currently have an in-stream ads monetization program will be able to access overlay advertisements on Facebook Reels. [10] The overlay ads will be available in two formats that are Banner ads and Sticker ads. [11] [12]

See also

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References

  1. ↑ "Facebook Launches Reels on Facebook to US Users". Social Media Today. Retrieved December 9, 2022.
  2. ↑ "Facebook launches Reels globally, betting on 'fastest growing' format". the Guardian. February 22, 2022. Retrieved December 9, 2022.
  3. ↑ Cohen, David (February 22, 2022). "Facebook Reels Rolls Out in Over 150 Countries Worldwide" . Retrieved December 9, 2022.
  4. ↑ https://techcrunch.com/2023/03/03/meta-rolls-out-new-facebook-reels-features-expands-max-video-length-to-90-seconds/
  5. ↑ "Reels launch on Facebook in U.S. with more creator bonuses". Social Media Marketing & Management Dashboard. Retrieved December 9, 2022.
  6. ↑ "Investing $1 billion in the creator community". Investing $1 billion in the creator community. Retrieved December 9, 2022.
  7. ↑ Southern, Matt G. (February 6, 2022). "Facebook Shifts Focus To Short-Form Video After Stock Plunge". Search Engine Journal. Retrieved December 9, 2022.
  8. ↑ "Facebook's splitting ad revenue with creators who use licensed songs". Tubefilter. July 25, 2022. Retrieved December 9, 2022.
  9. ↑ "Meta expands monetization support for Reels". Social Media Marketing & Management Dashboard. Retrieved December 9, 2022.
  10. ↑ Osmundson, Brooke (February 24, 2022). "Monetize Facebook Reels With Overlay Ads". Search Engine Journal. Retrieved December 9, 2022.
  11. ↑ "Meta Announces New Ad Options for Facebook Reels Which Could Facilitate Creator Revenue Share". Social Media Today. Retrieved December 9, 2022.
  12. ↑ "Ads on Facebook Reels | Meta for Creators". Ads on Facebook Reels | Meta for Creators. Retrieved December 9, 2022.
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