Luminary lowers its controversial podcast fee to $4.99 from $7.99 monthly

Subscription podcast startup Luminary, which is trying to shake up podcasting with its premium model, has lowered its monthly subscription price in the US from $7.99 a month to $4.99, according to podcast news site HotPod and confirmed by the company. The news comes less than a year after the bumpy launch of the venture-backed premium platform, which had many wondering why they would pay for podcasts at all, let alone a monthly fee. The company, which raised $100 million prior to launch, has also added a $35 annual plan for US subscribers.

Luminary also announced new prices for international subscribers: UK listeners will pay £3.99 per month, down from £6.99, and Australian subscribers will pay $5.99 AUD per month, down from $7.99 AUD....

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