Industry News 📰
Weeks of rumours and speculations have been confirmed! Apple will roll out subscriptions for Apple Podcasts with select partners starting next month. The service will be available as part of its newly updated Podcasts app. Apple said the first premium subscriptions would come from both “independent voices and premier studios,” including NPR, The Los Angeles Times, Sony Music Entertainment and others. Apple will keep 30% of podcast-subscription fees in the first year and 15% in subsequent years.
Spotify reportedly plans to launch a paid podcast service next week. Unlike Apple, Spotify wouldn't charge a fee or take a cut of each membership. Spotify hasn't confirmed the plans, but chief content and ad business officer Dawn Ostroff said there was "room for everybody" in the audio space.
Facebook is launching features to capitalize on the popularity of social audio. Users will be able to listen to podcasts "within the next few months," the company said. The company is also adding Soundbites: "short-form, creative audio clips for capturing anecdotes, jokes, moments of inspiration, poems"
Remote video and audio platform Riverside.fm is announcing a $9.5 million Series A funding. The round is led by Alex Ohanian's Seven Seven Six and features Zeev-ventures.com, Casey Neistat, Marques Brownlee, Guy Raz, Elad Gil and Alexander Klöpping. The company plans to use the money to increase it's staff and build more features for the service.
Dave Chappelle is getting into the podcast space. The comedian has teamed with Talib Kweli and Yasiin Bey a.k.a Mos Def, for a salon style show The Midnight Miracle. The series was recorded during Chappelle’s 2020 Summer Camp in The Shack. The Midnight Miracle will launch over the coming weeks on Luminary.
Podcast Radio is adding a selection of podcasts from TED Audio Collective to its schedule under a new content partnership deal. The twelve podcasts, including the flagship "TED Talks Daily," will be featured on the DAB and online station in coming weeks.
Clubhouse has raised a Series C funding round, reportedly valuing the company at $4 billion. This round means Clubhouse has tripled the valuation it attained in January when Andreessen Horowitz led its Series B funding round. Twitter reportedly broke off talks to acquire the startup at a $4billion valuation, according to Bloomberg. The company disclosed the news about the funding during its weekly “town hall” chat last Sunday night and in a blog post, the company said the fundraising will support a fresh burst of growth for the app.