“The reality is Patreon needs to build new businesses and new services and new revenue lines in order to build a sustainable business,” Conte said.
The company does not currently provide contracts, which allows users to retain 100 percent ownership of their work and full control of their brand.
The company plans to provide creators with new “value services,” like options for merchandising, to generate new revenue. Creators will be given the opportunity to participate in these services, and it could ultimately reduce Patreon’s generous 90 percent pay-out model.
“We will have to re-examine how we charge for new services as we put them out,” Conte said.
Patreon is pivoting to squeeze every last drop of cash it can out of everyone on its platform!