Spotify launches new earning opportunities for podcasters

The news was revealed by Daniel Ek, founder and CEO of the platform

Earlier this week, Daniele Ekfounder and CEO of the streaming platform Spotify, revealed some news regarding the possibilities that podcasters the video will have to make money.

“An industry-leading new audience-oriented payment model for premium video consumption”described Spotify in its new monetization program focused on professionals who produce video podcasts.

The news comes at a time when there is growth in video viewing on Spotify, with 250 million people by accessing the vast catalog of this format. This amount corresponds to 39% of current users of the platform, which was driven on the basis that they would watch a video podcast on the service.

Now, the video podcast catalog of Spotify he already has more than that 300 thousand attractions in this format.

In addition to monetizing videos, creators will be able to choose to earn money from adsbut also with premium video revenue, defined as “income based on video consumption” of subscribers to Spotify Premium. However, the service will come into force at this very first moment United States, Canada, United Kingdom AND Australia from the month of January 2025.

An interesting factor about this new video podcast from Spotify is that this new monetization program will not interfere with the platform’s music rights pool, as a company spokesperson informed Ally of music. The concern in this regard was what happened to the insertion of audiobooks on the platform, which resulted in reduced mechanical royalties for songwriters.

In October, Spotify created a feature to create playlist covers

The streaming platform Spotify has decided to invest in a resource where subscribers can create covers of your playlists and add to them, filters, texts and even stickers.

Of course, users have been able to insert their covers into playlists for a long time, but before that they had to develop the graphics in other applications and deliver them ready-made to Spotify. Now, the platform seems to have solved this problem.

The new functionality allows the user designing visual arts with musical themes and make a good impression on social media. However it is clear that from now on we will see several similar arts – not to mention authentic – and this will reveal each member’s perception of the chosen musical theme.

On the other hand, including an application where subscribers can develop the covers of their playlists certainly puts the Spotify in the universe of social networks. Just look at the other features that the platform has already included in its system, such as ads, notifications and videos.

Thousands of musicians participate in bandcamps, a million-dollar music marketplace

Al bandcamp have become a million-dollar market, and the Bandcamp platform, a very popular composition development model in the global music market, recently announced that it will return with the program Band field Fridaystarted in 2020 at the height of the coronavirus pandemic when venue closures left artists without vital touring income.

At that time, many artists began to work screw on video platforms such as YouTube, TikTok AND Shorts.

THE Bandcamp Friday was so successful at the time that the Band field has already announced a new edition for 2024 with three dates: the first session has already taken place on October 4 and the next one will come December 6.

During the Covid-19 period, the Band field states that his model of bandcamp attracted thousands of fans by paying more than 120 million dollars (something around R$671 million at the current exchange rate) directly to record companies and musicians.

The artists who join the program will make their works available in the research and discovery tools of the Band fieldwith the possibility of these releases being available in various formats – including vinyl – as well as signed products and exclusive releases.

Currently, record companies perform bandcamp so that the artists in their casts can produce new hits and different connections with different musical genres.

Source: Terra

Earl

Earl Johnson is a music writer at Gossipify, known for his in-depth analysis and unique perspective on the industry. A graduate of USC with a degree in Music, he brings years of experience and passion to his writing. He covers the latest releases and trends, always on the lookout for the next big thing in music.