BY JAMES SCOTT/ AUG 3, 2023

Elon Musk Wants Apple to Reduce The Amount of Money That Creators of 'X' have to Pay

Elon Musk, the CEO of Twitter or "X," stated today that he plans to speak with Tim Cook, the CEO of Apple, about lowering the fees charged by the App Store to content creators who make money from subscriptions on Twitter or "X" social network.

Creators of 'X'

Musk stated his intention to approach Apple with his plan to collect 30 percent of the creator fee that Twitter retains rather than 30 percent of the total charge a creator gets through Twitter in a post about support for creators.

Creators of 'X'

This would result in Apple receiving a significantly smaller portion of the money that Twitter pays its artists.

Creators of 'X'

Musk has stated that Twitter does not want to collect fees from creators whose annual earnings are less than $100,000. After a creator's revenues have reached $100,000, Twitter will begin taking a 10 percent cut of those earnings; however, the first year will be free for all creators.

Creators of 'X'

If Twitter and Apple agreed, Twitter would have to give Apple 30 percent of the 10 percent cut it receives from creators whose earnings are greater than $100,000.

Creators of 'X'

Fees associated with in-app purchases are collected by Apple whenever a subscription is purchased via the Twitter app on an iOS device. Apple receives a revenue share of thirty percent for the first year of a customer's subscription and fifteen percent for each year thereafter.

Creators of 'X'

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