Apple and Spotify to launch paid podcast option

Next month, podcasters distributing through Apple Podcasts will be able to make some or all of their content available through paid subscription only. Content creators have to pay Apple $19.99/year to offer paid subscriptions; Apple takes a 30 percent cut of subscription sales during the first year and 15 percent in the years following. (As a point of comparison: Apple takes a 30 percent cut on every ebook sale through Apple Books.) Not to be outdone, Apple’s major competitor, Spotify, quickly announced that it too would offer a subscription option. But it will let content creators keep 100 percent of subscription fees—at least to start. Learn more (subscription required).