"We can provide an experience for your audience that is superior to any other platform," CEO Daniel Ek said onstage Wednesday at a Spotify creator event in Los Angeles.
Since Spotify made video podcasts widely available in 2022, consumption of the format has skyrocketed, with the number of video creators on the platform more than doubling each year.
There are now over 300,000 video podcasts on Spotify, up from 250,000 in late June, and video consumption hours have grown faster than audio-only consumption hours year-over-year.
Creators will be able to access their payout details in a hub called Spotify for Creators, which will also help them determine if they're eligible for video payments.
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