Spotify rolls out podcast subscriptions through new Anchor feature

Monday 3 May 2021 10:01 CET | News

Spotify has launched paid podcast subscriptions, after first unveiling its new subscription platform at the company’s ‘Stream On’ event in February 2021, TechCrunch reports.

By using Spotify’s podcast creation tool Anchor, podcasters will be able to mark select episodes as subscriber-only content, then publish them to Spotify and other platforms. The service was initially tested with a dozen independent creators, and it is now expanding to creators who had previously registered for the waitlist. 

For now, the paid subscriptions feature is only available to creators in the US, but it aims to expand internationally in the months ahead, according to TechCrunch. The cost to subscribe to podcasts is determined by the creator, but will be one of these tiers: USD 2.99, USD 4.99, or USD 7.99 per month. 

Spotify says that its programme will come at no cost to creators for the next two years, which means that creators will keep 100% of revenues. Then, in spring 2023, Spotify plans to introduce a 5% fee for access to the tool.

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Keywords: subscription commerce, subscription payments, ecommerce, product launch
Categories: Payments & Commerce
Countries: United States
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