Spotify Boosts Creator Monetization, Video Podcasts Soar; New Features Unveiled

• Spotify expands its creator monetization program, lowering eligibility criteria for podcasters.
• Video podcast consumption on Spotify has nearly doubled monthly, with listeners watching twice as many video shows.
• New features include direct payments for video podcasters from premium subscribers and advertising revenue for free-tier listeners.
• Creators can now publish and monetize video podcasts directly from third-party hosting services like Acast, Audioboom, and Libsyn.
• Spotify opens Sycamore Studios in Los Angeles, a new production hub, adding to existing facilities in London and New York.

Why It Matters: Spotify enhances creator monetization and video podcast tools amid surging consumption, boosting competition.