Live online concerts have never been as common as they have been this year during the COVID-19 pandemic, and increasingly, due to the major economic crisis, and consequently in the music industry , artists are turning to this medium to make a living.
The tool is available in twenty countries, including the United States, the United Kingdom, Australia, and Brazil, and allows tickets to be purchased through the monetization policies offered by the social network.
In addition to music, Facebook wants the new feature to help educators, small businesses, creators, and content pages broadcast events on the social network, which will help them during this challenging time. To that end, Fidji Simo , head of the Facebook app, stated that until next year they will not charge any fees for online payments in order to help small entrepreneurs.
Below is an example of what paid events on Facebook will look like:
