Apple will take a 30% cut on its new Podcast Subscriptions serviceApple is following its App Store pricing strategy for Podcast Subscriptions.
What you need to know
Apple will take a 30% cut on podcast subscriptions in the first year.
It will drop that fee to 15% on subscriptions more than a year old.
Apple will take its standard cut on new podcast subscriptions.
Apple announced Podcast Subscriptions at its 'Spring loaded' event earlier today as a new way for podcasts to earn money from its listeners. Details of how the financial side of that would shake out were not discussed during the event, but those details have emerged.
As reported by Vox, Apple will take its usual 30% cut on podcast subscriptions in the first year someone is subscribed. After that, their fee will drop to 15%. This is the same standard practice that Apple employs for apps in the App Store.
The report also revealed that podcasts could charge as little as 49 cents a month for their podcast.
Starting next month, Apple will let podcast publishers sell subscriptions...
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Apple will take a 30% cut on its new Podcast Subscriptions service
