Facebook’s Patreon competitor is a bad deal for creators
Facebook began expanding access to its Patreon competitor last night, giving more page owners the ability to start offering content to their subscribers for a monthly fee. But it doesn’t take much digging to see that the terms for Facebook’s feature, known as Fan Subscriptions, make for a bad deal for creators, giving Facebook a lifetime license to use their work and the right to take up to a whopping 30 percent of subscription fees.
When Facebook announced its Fan Subscriptions feature last March, the service was only open to just 10 creators across the US and UK. After an initial test period, Facebook began sending out emails to more creators inviting them to try it last night. The feature lets creators offer $4.99 monthly…
