Spotify is soon going to launch its podcast subscription service. The platform would be competing with Apple’s newly announced podcast subscription service but it’s going to not charge a fee or take a membership cut like its rival.
As per Variety, the company will be letting satisfied creators retain 100 percent of the subscription fees. As per sources, Spotify will not take a cut of podcast subscription revenue.
Apple Podcasts Subscriptions, Podcast Channels Announced
By contrast, Apple will retain up to 30 percent of podcast subscription fees under its program, which is launching next month. Most author platforms, including YouTube, Twitch, Facebook, and Patreon, also take a cut of subscription fees and/or fan payments.
Currently, Spotify doesn’t allow customers to pay for subscriptions through Apple in-app purchases — and Spotify has been a very vocal critic of Apple’s App Store policies, which has included lodging a formal complaint with the European Union alleging anticompetitive behavior. In a similar fashion, you will not be able to purchase Spotify podcast subscriptions through Apple.
Spotify has said it was once going to test paid subscriptions for podcasters so they can offer exclusive satisfied to subscribers, officially announcing that all through its February ”Stream On” event. But it has not yet given details on how that will work.
It is worth noting that Spotify has been expanding its podcast platform by signing major deals with personalities like the Obamas, Prince Harry, and Meghan Markle, and most recently, Bruce Springsteen.
It has also signed podcast deals with Warner Bros, Hollywood producer Chernin, and Archie Comics.
Meantime, along with Spotify’s podcast subscription rollout, Facebook plans to launch an integrated version of Spotify’s audio player, a service called ”Project Boombox”.
The service will start next week and will supply access to songs and podcasts directly inside the Facebook app. That’s a part of a broader embrace of social audio and audio-messaging features that Facebook announced on Monday.
We dive into all things Apple — iPad Pro, iMac, Apple TV 4K, and AirTag — this week on Orbital, the Gadgets 360 podcast. Orbital is to be had on Apple Podcasts, Google Podcasts, Spotify, and wherever you get your podcasts.