As of February 20, 2018, YouTube has enacted new eligibility requirements for monetization. In order for us to place ads on and monetize a video, the video must be on a channel that has at least 1,000 subscribers and 4,000 hours of watch time over the past 12 months. If a video has had over 10,000 views, YouTube will review them manually to determine monetization eligibility.
Once a video meets these requirements, we can "claim" it, which means YouTube will place advertisements on it and the video will begin to be monetized. We are paid by YouTube on a monthly basis, and pay these royalties out at the end of the following quarter with our regular distribution.