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

Spotify today launched a paid subscription podcast platform, a week after Apple unveiled plans for a similar service.

The new product gives creators a way to monetize their content. They can access the feature through Anchor, Spotify‘s podcast creation tool. After marking episodes as subscriber-only, they can publish them to Spotify and other platforms.

Creators initially won’t have to pay the streaming giant to use the service, although they will have to cover the transaction fees. From 2023, Spotify plans to introduce a 5% fee for access to the tool.

The paid content will be fully searchable within the Spotify app, and marked with a lock icon on the play button. Creators can choose to charge subscribers $2.99, $4.99, or $7.99 per month.

Credit: Spotify