Spotify's Memberships Program For Podcasts Is Here To Compete With Patreon

Creators will keep 90 percent of the revenue earned from the program.

Spotify

Spotify is offering another way for its creators to make money, drawing inspiration from existing competitors like Patreon and YouTube. The streaming giant is rolling out its Membership program, which allows users to get access to exclusive content in exchange for subscription fee.

Spotify's Memberships program was introduced back in May during the company's Investor Day event. At the time, it was only detailed as a way for creators to "build recurring revenue directly from their most engaged fans on Spotify." Similar to Patreon's membership tiers and YouTube's six Channel membership levels, Spotify creators can also bundle Membership benefits into specific tiers with different price points. Spotify said creators get to keep 90 percent of the revenue earned from Memberships, much like how Patreon takes a 10 percent platform fee.

According to Spotify, Memberships will launch...

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