Spotify’s efforts to become the premier platform to listen, discover, and create podcasts just took a giant leap forward.
Spotify just reinvented music podcasts. Starting last week, users worldwide can create podcasts using Anchor that includes music from the Spotify library. The music is available to creators without licensing fees, but artists will make money from the use. It’s a first of its kind development that stands to create a boom of new content for the popular streaming platform.
Anchor, which Spotify acquired in February 2019, is a podcast creation and distribution platform that is free to use. With a few clicks, anyone can upload and share their recordings with the world. The new feature, available in numerous countries, allows creators to add full songs from anyone with music on Spotify without fear of copyright claims or expensive licensing costs.
But there is a catch. There’s always a catch.
Shows featuring music from the Spotify library will only be available to Spotify users. That may frustrate some creators, but it’s a genius decision for Spotify corporate. The company is encouraging boundless creativity while still keeping the final product of that creativity within its ecosystem. As a result, more creators will move shows or make new ones exclusive to Spotify, and Spotify will have a constant stream of new content for its massive community of users to consume. All this, plus the fact musicians will make money any time people stream podcasts with their music, makes this development a winning combination for everyone!
In this Music Biz 101 update, host James Shotwell breaks down the newest Spotify development and the many ways it can potentially help artists everywhere get ahead while earning money. Check it out:
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