The company will take a 30% cut from subscriptions in the first year

Subscription podcasts will be available in May.
Subscription podcasts will be available in May.
Bloomberg/Getty Images


By Scott Nover

8 mins ago

Apple unveiled a new option for podcast creators at its Spring Loaded event on Tuesday: Paid subscriptions. While Apple Podcasts will continue to offer ad-supported audio, this move signals new consumer revenue for the tech giant and a direct challenge to Spotify.