Watch out, Spotify! Apple announces paid podcast subscriptions, to be available in over 170 countries

The subscription feature comes with an overhaul of the Apple Podcast platform.

Reuters
Podcast fans around the world will be able to sign up for subscriptions from May.
SAN FRANCISCO: Apple is adding a subscription option to its pioneering podcasting service, evidently moving to fend off fast-growing rival Spotify.

Beginning in May, podcast fans around the world will be able to sign up for subscriptions for perks such as ad-free listening or exclusive content from creators, the tech giant said during a streamed media event Tuesday.

"Now, you can help your favorite podcasters build their business and fuel their creativity," Apple chief Tim Cook said during a presentation from the company's headquarters in Silicon Valley.


The subscription feature comes with an overhaul of the Apple Podcast platform that lays credit to kicking off the trend with its launch 15 years ago.

"We are making the biggest change to Apple podcasts since its debut," Cook said of the redesigned app.

It will be available in more than 170 countries, the company said.
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Listing to podcasts will continue to be free, but a subscription option makes Apple's service more attractive to creators by providing a way to make money aside from ads or tips.

Podcasters will receive 70 percent of subscription revenue in the first year, with Apple keeping the rest as a commission, a company spokesperson told AFP.

Once a subscriber has been subscribed for a year, the share for creators will rise to 85 percent, they added.

Spotify earlier this year revealed plans for podcast subscriptions, increasing the pressure on Apple to keep personalities.
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Industry tracker eMarketer last month said that Spotify has been growing quickly and that its podcasting service is on track to have more listeners in the United States than Apple Podcasts this year.

"By putting podcasts and music in one place, Spotify quickly became the convenient one-stop-shop for everything digital audio," eMarketer forecasting analyst at Insider Intelligence Peter Vahle said in a post.
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"Apple was the de facto destination for podcasts for a long time, but in recent years, it has not kept up with Spotify's pace of investment and innovation in podcast content and technology."

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After almost a year long wait, Apple Inc returned with fresh announcement and products for the tech world.

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The tech giant also unveiled an all-new stunning purple finish for iPhone 12 and iPhone 12 mini. Both models feature an advanced dual-camera system that delivers powerful computational photography features and the highest-quality video in a smartphone.

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Apple launched the new iPad Pros, starting at $799, which uses the same M1 chip as Apple's other computers, rather than the beefed-up version of iPhone chips found in previous models. The tablets also have additional ports for connecting monitors and 5G connectivity, while featuring a higher-quality display than the company's laptops.

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Apple also announced new paid podcast option that will join an increasingly crowded field of digital antertainment and information subscription services. The subscription feature comes with an overhaul of the Apple Podcast platform that lays credit to kicking off the trend with its launch 15 years ago.

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Apple updated its Apple TV set top box with better colour output and a faster processor chip. The new Apple TV 4K will also let users improve a TV's picture by using light sensors on the iPhone.

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