Last week, Apple announced a major update to the Podcasts app that added a subscription. Now Spotify has gotten a similar opportunity.
So far, only users of the service in the United States will be able to subscribe to podcasts. Such a function will work through the proprietary Anchor platform. It allows content makers to tag paid episodes. By the way, for the first two years, Spotify promises not to take a commission on income. That is, 100% of the subscription money will go to podcasters. From 2023, the company will introduce a commission of 5%. For comparison, Apple now takes a 30% commission and promises to drop it to 15% next year.
When it comes to pricing, Spotify podcast creators will be able to choose their subscription price: $2.99, $4.99, or $7.99. Such paid content will be marked with a special badge.