In order to understand what MyPodcast does you should understand what Podcasting is. Podcasting is similar to having your own radio show, but with the difference - show is aired at specific time on TV, while podcast can be accessed at any time. At the moment there are audio and video podcasts and majority of podcasts are audio.
Podcast
"Podcast" is a regular show with a name. Every week (depends on podcast) a new "episode" would be published. (It’s essential to understand difference between "podcast" and "episode". Episode is audio file, while podcast is the show itself). Having your own podcast you can give your
public page to your listeners. Your audience may considerably increase if
you submit your podcast to iTunes Music Store, the most popular public
catalogue
of podcasts. You can also integrate your podcast with your site placing
links on your own site to the podcast you created on MyPodcast.com. That
will allow you to keep on using your website while we are hosting audio
files for you. Refer to any external service (e.g.
http://www.feeddigest.com/) and using your own RSS channel
http://your-podcast-name-here.mypodcast.com/rss.xml place
links to your podcast on your site.
Podcaster
Many people have blogs and many people are making their own podcasts. Basically they record an audio file on a regular basis and publish it on the internet, where "subscribers" can access the file. Information about new releases is distributed through RSS feeds and is picked up by several audio jukebox applications. There are also several websites which index podcasts and categorize them.
The issue podcasters have had before and still have is related with hosting audio file. Despite the compression audio file still takes considerable amount of data and popular podcasts produce a big volume of bandwidth podcaster have to fund. For this reason it’s
common for podcasters to put advertisements in their episodes.
MyPodcast
MyPodcast solves both problems of hosting podcasts and finding sponsors for the podcasts. It also allows podcasters to raise price for the advertisement space in their podcast and earn based on the difference. Also - the more downloads - the better their profit is.