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.
According to the source, the company will be letting content creators keep 100 percent of the subscription fees. Spotify will not take a cut of podcast subscription revenue.
It is worth noting that Spotify has been expanding its podcast platform by signing major deals with personalities like the Obamas, Prince Harry, and Meghan Markle, and most recently, Bruce Springsteen.
It has also signed podcast deals with Warner Bros, Hollywood producer Chernin, and Archie Comics.
Meanwhile, in conjunction with Spotify’s podcast subscription rollout, Facebook plans to launch an integrated version of Spotify’s audio player, a service called ‘Project Boombox’.
The service will start next week and will provide access to songs and podcasts directly within the Facebook app. That’s part of a broader embrace of social audio and audio-messaging features that Facebook announced on Monday.
