Spotify to soon share revenue with video podcast creators to take on YouTube: See details
4 months, 2 weeks ago

Spotify to soon share revenue with video podcast creators to take on YouTube: See details

Hindustan Times  

Spotify will soon start sharing revenue with creators based on how much their videos are viewed, in a move to take on YouTube's video podcast dominance, according to a Business Insider report. "By giving you guys, the creators, another path to monetization beyond ads, we're freeing you up to do what you like doing, which is creating," the report quoted Spotify CEO Daniel Ek as saying to a crowd of creators and industry professionals at the company's Now Playing event held on Wednesday at Spotify's Los Angeles campus. An April survey conducted by Cumulus Media and Signal Hill Insights found 31% of weekly podcast listeners who responded to the survey used YouTube the most for podcast listening, followed by Spotify at 21%, and Apple Podcasts at 12%, according to the report. Spotify is also rolling out a new mobile app experience with creator analytics and monetization, along with other features like podcast clips, which creators can use to promote episodes through vertical short-form video clips.

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