Patreon

  • Why content crowdfunder Patreon is halting its hated fee change

    Why content crowdfunder Patreon is halting its hated fee change

    Overhauling the creative economy turns out to be tricky. Following massive backlash, Patreon is at least temporarily pausing its plan to change its payment processing fee structure from charging creators 2-10% on the first of the next month to charging patrons 2.9 percent plus $0.35 per transaction upfront and on the monthly anniversary of their first pledge beyond the 5% Patreon takes. Read More

  • Patreon’s new service fee spurs concern that creators will lose patrons [updated]

    Patreon’s new service fee spurs concern that creators will lose patrons [updated]

    Patreon announced a new service fee policy that it says will help creators keep more money, but many are worried because they believe it will instead discourage their patrons from pledging. The crowdfunding platform for artists currently takes a fee of 5% (creators also pay fees charged by payment processors like Stripe or PayPal) from each pledge. That changes on December 18, when patrons… Read More

  • Kickstarter reboots its Patreon competitor, Drip

    Kickstarter reboots its Patreon competitor, Drip

    Kickstarter hasn’t done a lot with Drip since acquiring the service from the Ghostly International record label a year and a half ago. Since then, the site has mostly continued its mission of helping bands and labels fund their projects through a subscription-based plan, with little input from its new owners. Today, however, Kickstarter’s hitting the reset button on the service. Read More

  • Patreon’s API unlocks rewards across the web for art funders

    Patreon’s API unlocks rewards across the web for art funders

    Patreon wants to colonize the internet with its perks for artist crowdfunding subscribers the same way Facebook login brought your social graph and profile to other sites. Pay a monthly subscription to a content creator on Patreon and now it will earn you exclusive access to their patron-only WordPress blog, Discourse forums, Discord chatrooms and, soon, other apps like Slack. Read More

  • Subscription art crowdfunder Patreon confirms $60M fundraise

    Subscription art crowdfunder Patreon confirms $60M fundraise

    Patreon upgrades content creation from a passion to a profession by paying artists 95% of subscription payments from fans instead of 55% of skimpy ad revenue like Facebook and YouTube. Now Patreon itself is getting paid with today’s official announcement of the big Series C funding round TechCrunch broke news of last week. Patreon has raised $60 million led by Chris Paik at Thrive… Read More

  • Crunch Report | Patreon is raising a Series C at $450M

    Patreon is raising at a $450 millon valuation, Chrome mutes autoplaying videos and Hulu is spending $2.5 billion for original content. All this on Crunch Report. Read More

  • Patreon raises big round at ~$450M valuation to get artists paid

    Patreon raises big round at ~$450M valuation to get artists paid

    In an era where art is shared and streamed for free, Patreon offers new hope for turning content creation into a career. Illustrators, comedians, game makers, and musicians use Patreon to let fans pay a monthly subscription fee for special access to their work. In exchange, Patreon takes only a tiny 5% cut. With 50,000 creators and 1 million subscribers on board paying an average of $12 per… Read More

  • Patreon launches Snapchat clone just for creators’ paid subscribers

    Patreon launches Snapchat clone just for creators’ paid subscribers

    Ads aren’t enough to support professional online content makers. So Patreon is equipping them with new ways to organize, measure, and entertain fans who use its platform to pay them a monthly subscription fee for special access. With 1 million patrons paying an average of $12 per month to 50,000 creators, Patreon is on track to send musicians, comedians, journalists, videographers, and… Read More