At its invite-only event in LA, Spotify unveiled Spotify for Creators, an all-in-one platform packed with tools for video, analytics, and monetization.
We were there and spoke with the Spotify team to get an inside look.
What’s New:
- Short-form video: Upload vertical clips of your podcast to Spotify to drive viewers to full episodes.
- Monetization Program: Creators will earn based on video consumption from Premium subscribers. Starting January 2025 in US, UK, Canada, and Australia.
- Thumbnails: Upload custom horizontal thumbnails to make your podcast stand out.
Where’s The Money?
While Spotify hasn’t disclosed exact payout rates yet, co-president Gustav Söderström claims the program will be competitive with YouTube’s revenue-sharing model.
Who’s Eligible?
The new program isn’t open to everyone. Creators must meet these benchmarks to qualify:
- 10,000 streamed hours from 2,000 unique users in the past 30 days.
- At least 12 published episodes.
- Content hosted on Spotify.
This exclusivity means Spotify is betting big on committed creators who are ready to embrace video.
Quote: Spotify’s Head of Content Partnerships, Jordan Newman, explained:
“We announced new tools to give creators more control on Spotify: the ability to upload vertical video clips and thumbnails to promote their shows.
Also, for Premium subscribers in select markets, video episodes will stream ad-free, ensuring an uninterrupted viewing experience while rewarding creators based on their audience’s engagement.”
According to Spotify, more than 250 million users have already watched video podcasts, which is growing much faster than audio-only.
Our Take
Spotify’s shift signals a broader trend in creator platforms: video is king, and podcasting is evolving.
With 300,000 video podcasts and growing, Spotify’s push into video shows it’s ready to compete with YouTube on its own turf.
The question is: will creators and fans follow? And how will Spotify’s payouts compare to YouTube’s in the coming year?
Stay tuned. We’ll keep you posted as we see the results come in.