Audio streaming service Spotify to launch podcast subscription service soon

Audio streaming application Spotify is soon going to launch its podcast subscription service. The platform would be competing with Apple’s newly announced podcast subscription service but it will not charge a fee or take a membership cut like its rival.

As per Variety, the company will be letting content creators keep 100 per cent of the subscription fees. As per sources, Spotify will not take a cut of podcast subscription revenue.

By contrast, Apple will keep up to 30 per cent of podcast subscription fees under its program, which is launching next month. Most creator platforms, including YouTube, Twitch, Facebook and Patreon, also take a cut of subscription fees and/or fan payments.