A new development is in the works as Facebook intends to allow fans of music and entertainment creators pay for live streamed events.
The new initiative will be regarded as a potential source of income for artists amongst others since touring is unfeasible during the global pandemic.
According to Music Business Worldwide, the social media giant has already embarked on hiring seasoned personnel fit for the posts of managing all the necessary activities involved to have a successful live streaming concerts plus other sessions on the site.
This will be carried out via artist and musician/bands official pages on the site. Soonest, fans be able to start paying to watch their favorite musicians live streaming events just like it’s currently done via Instagram Live channels.
We at TM see it as another fantastic opportunity for artists to make more money during these uncertain times. So, artists who seldom visit their pages or are yet to revamp their Facebook pages are advised to now be more active on the site as their potential customers (fans) are there as well.