Spotify’s taking on Apple’s subscription platform with lower creator fees

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Spotify today launched a paid membership podcast platform, a week after Apple revealed plans for a comparable service.The new product provides developers a way to monetize their material. They can access the function through Anchor, Spotifys podcast production tool. After marking episodes as subscriber-only, they can release them to Spotify and other platforms.Creators at first will not need to pay the streaming giant to utilize the service, although they will have to cover the transaction fees. From 2023, Spotify plans to introduce a 5% charge for access to the tool.The paid content will be totally searchable within the Spotify app, and marked with a lock icon on the play button. Creators can pick to charge subscribers $2.99, $4.99, or $7.99 each month.

Credit: SpotifyThe company stated the function offers « a seamless Spotify listening experience. » The item has launched with 12 independent developers, who will release subscriber-only content in their existing podcast feeds. Spotify states its now accepting submissions from other creators on its waitlist.NPR is likewise publishing a choice of shows for paid subscribers.

They can access the function through Anchor, Spotifys podcast creation tool. From 2023, Spotify plans to present a 5% cost for access to the tool.The paid content will be completely searchable within the Spotify app, and marked with a lock icon on the play button. Spotify says its now accepting submissions from other creators on its waitlist.NPR is likewise releasing a choice of programs for paid customers.