What you need to know
- Spotify is rolling out paid podcast subscriptions.
- The feature is coming to the U.S. from today.
- Users will have to make a submission to join a waitlist in order to be considered for monetization.
Spotify is today rolling out its own paid podcast subscription platform, following the announcement of Apple's Podcast Subscription last week.
The company stated:
The feature, available through Anchor, will come at no cost to the creator as they keep 100% of subscription revenues, with a 5% fee coming into effect in 2023.
Spotify says 12 creators will be involved in the first participating group:
Spotify has also unveiled a collaboration with NPR to publish sponsor-free shows for paid subscribers:
You can read the full announcement here.
Apple unveiled its own podcast subscription service at its April event last week stating:
Master your iPhone in minutes
iMore offers spot-on advice and guidance from our team of experts, with decades of Apple device experience to lean on. Learn more with iMore!
Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9