Spotify on Tuesday launched a paid podcast function on its streaming platform. The service can be free for the subsequent two years, after which the app will take cuts in 2023. Know extra in regards to the app right here.

Supply: Port Swigger

Spotify Launches New Paid Podcast Characteristic 

Spotify launched its brand-new paid podcast function on Saturday. It has opened its service to all of the customers who create podcasts through the Anchor app. The service is free for the subsequent two years. Nonetheless, the corporate will begin taking a small lower in 2023. It was speculated that Spotify may launch paid podcast function within the close to future. Though, the announcement got here quickly after when Apple launched its paid podcast function in Apple’s Spring Launch 2021.

Extra Particulars on the Newest Characteristic 

Spotify talked about that the paid podcast function can be managed by the Anchor app. So, any creator who desires to take part must mark an episode as “subscriber-only”. It will publish their podcast on to Spotify or another platform. Nonetheless, creators don’t must pay a single penny for benefiting the function for the subsequent two years. Likely, by 2023, Spotify will gather a 5 % aggressive price. That’s considerably lower than what Apple is charging.

Spotify launches paid podcasts feature, to take 5 percent cut starting 2023
Supply: The Verge

Its new function calls for 15 to twenty % of the income. Three choices can be given to the podcasters, $2.99, $4.99, and $7.99. Customers can avail of the paid-only podcast function, with a view to entry unique podcast channels. Furthermore, customers can subscribe to their favourite podcasters through the Anchor app solely. Twelve exhibits together with Tiny Leaps, Massive Adjustments, and Conscious in Minutes will provide bonus subscriber-only content material. A ready checklist can be opened for the podcasters by which they will join.

Different Current Options Launched by Spotify 

Moreover paid-podcast, the corporate has additionally launched, “Spotify Viewers Community” for advertisements. This function permits the creators to insert ads and commercials within the podcast. Creators can entry this function beginning subsequent month. One main benefit of the corporate would be the functionality to achieve Android customers with paid podcasts service. The final function introduced by the corporate was the arrival of the Spotify Open Entry Platform. It allowed the creators to share their content material with customers of different platforms as effectively. Nonetheless, with the arrival of the brand new paid podcast function, for the primary time, Spotify is permitting podcasters on its platform to supply subscriptions to their exhibits.