Report: Spotify set to announce competitor to Apple Podcasts subscriptions, but will not take a cut of revenue
This week, Apple announced its entry into the premium podcasts space allowing creators to monetize their shows directly within Apple Podcasts, with subscriptions. Apple’s service launches in May and will let podcasts offer ad-free episodes and bonus content to listeners for a monthly membership.
Somewhat controversially, Apple will take 15-30% commission of the podcasts subscription revenue. The Wall Street Journal says Spotify is set to announce similar subscription features next week, but will not take a cut of revenue.