byte: Vine Successor 'Byte' To Launch Pooled Monetization Program On April 15

Mere months after launching in full, Byte -- a successor app to Vine created by one of that app's co-founders, Dom Hofmann -- is looking to get creators paid.Amid a formidable start in terms of app downloads, Hofmann and team have emphasized the importance of having a monetization system in place early on -- given that a lack thereof largely led to its progenitor's demise. The company has previously teased how its unique, pooled Partner Program will operate. Initially only available in the U.S. the system will function via pools of creators that will be eligible for monetization. The invitation-only pools will be established every 120 days at Byte's discretion.Within these pools, partnered creators will be paid every 30 days -- via a bracketed model according to viewership. The company will calculate total viewership each month, and then place creators into different brackets accordingly, with all partners in one viewership bracket being paid the same amount. On Twitter, Byte said its inaugural pool will comprise $250,000 and up to 100 creators, kicking off on April 15.Visit Tubefilter for more great stories.