Sounds Profitable

Sounds Profitable

By Bryan BarlettaBusinessTechnology
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Sounds Profitable episodes

  • SP Higlights: Sounds Profitable en Español! w/ Sean King of Veritone One
    When we started using Veritone One to expand sounds profitable into Spanish the whole goal was to show people how accessible it was even with a small team, which sounds profitable is. The success of that attempt led to The Download—our weekly news recap podcast, which you absolutely should check out—to be localized by our hosts, Manuel Gabe, in their own words and in their own voice. This is a must-listen-to episode with Sean King of Veritone One where we talk about why expanding into Spanish is critical for your success in podcasting. Credits:
    • Original full episode available at https://soundsprofitable.com/episode/2/6
    • Audio engineering by Evo Terra
    • Executive produced by Evo Terra of Simpler Media
    • Sounds Profitable Theme written by Tim Cameron
    • See omnystudio.com/listener for privacy information.
      23 min
    • Spotify’s Building A New Brand Safety Tool + 4 more stories for June 16, 2022
      This week on The Download: Spotify’s building a new brand safety tool, Google Podcast removed an episode under suspicious conditions, and Apple tells us how their podcast search works. It’s been a rollercoaster of a week for Acast news. Let’s start with the positive. This Monday Acast announced a global Audio Pride Parade, celebrating Pride month for the LGBTQIA+ community via a series of podcast live shows in major cities across the world. Senior Partner Manager Alexandria Fuller said: “It’s also one day where you feel safe to be yourself. With hate crimes against LGBTQIA+ people on the rise, we’re always wondering when it’s safe to hold hands. But there’s safety in numbers at Pride, and it’s really freeing.” Fuller’s heartfelt blog about the importance of celebrating queerness was undercut the next morning. Tuesday Acast announced a partnership with Spring to provide on-demand merch options for producers hosting on Acast, including Spring’s so-called Mint on Demand NFT service.  According to Hot Pod, most of the 11 podcasts in the pilot program have elected to not use Mint on Demand. Also on Tuesday, multiple tweets were posted providing evidence Acast is data mining email addresses tucked in the RSS feeds of podcasts to send an advertisement email suggesting the podcaster would be better off switching to Acast. So far podcasters on Podbean, Captivate, Blubrry, and Transistor have reported being targeted by this aggressive marketing push.  Transistor co-founder Justin Jackson has reported Acast to their email service provider, who Jackson reports have said this cold-calling approach is against their terms of service. Jackson - who previously worked for an email company - considers the Acast emails to be illegal under Canadian law and has filed a formal complaint under the government arm created to enforce Canada’s Anti Spam Law (also know as CASL).  A spokesperson for Acast told Podnews the emails targeting podcast of competitor hosting services are “... part of our continuing marketing strategy, which we don’t currently plan to change.” At Sounds Profitable, our goals are to lift up and improve the entire industry. Based on the actions and response from Acast, we do not feel like they share those goals. Until Acast discontinues these practices, we will no longer be covering Acast in Sounds Profitable or The Download. --- This Wednesday Integral Ad Sciences announced a joint project with Spotify to develop a new third-party brand safety tool for podcast advertisers, with UM Worldwide signed on to be the first company in line to stress-test the project. From the press release: “The companies will embark on a rigorous analysis to help the industry understand the tools and resources necessary to effectively deliver brand safety in podcasting and digital audio writ large.” Given IAS already has these tools for both the web and apps, we can infer this announcement refers to a net-new production. An overwhelming majority of podcasting operates on RSS outside of Spotify’s control, so this product is exclusively a brand safety play for content Spotify sells ads to on their own platform.  From the beginning of the press release:  “Ultimately, the firms intend to create the industry's first third-party brand safety and suitability reporting tool to bring more transparency and confidence to podcast advertising.” And then, later on:  “In the future, the results will be used to create a first-of-its-kind brand safety and suitability tool to aid in campaign planning, management, and reporting.” Spotify is no stranger to courting controversy when flirting with that safety, be it the actions of acerbic talent or the upcoming return of political ads. Brand safety is hot right now, but so is Spotify announcing things that don’t go live. Should we hold our breath? In keeping with Pride month-adjacent stories: Google has provided a cautionary tale in the unexpected consequences of using automated systems to filter inappropriate content. On Tuesday the tabletop roleplaying game actual play podcast RPG: Realms of Peril and Glory posted a screenshot of their newest episode showing an error on Google Podcasts indicating the content is unavailable for people under the age of 18.  As Podnews covered in October of last year, this is not necessarily new. Google Podcasts, in an effort to remain in compliance with some laws in Europe and the UK addressing children accessing age-inappropriate content, began restricting certain podcasts from being visible to users with underaged accounts or users who weren’t logged into a Google account while attempting to access.  This particular interest is noteworthy as the episode isn’t just blocked from users who aren’t logged in to Google Podcasts. As of Wednesday it was inaccessible to anyone on Google Podcasts. From the original tweet from RPG: “There is nothing adult in this episode. The only difference from our other episodes is the word Lesbian in the title.” RPG’s missing episode was the first of a Pride month-themed campaign titled Spooky Sword Lesbians. The description also mentions the indie tabletop roleplaying game Thirsty Sword Lesbians used to make the show. The game’s official description describes it as “a roleplaying game for telling queer stories with friends.” Evil Hat Productions, the game’s distributor, lists it as being appropriate for ages 13 and up. This unfortunate incident sparks memories of similar issues on YouTube, on which Google restricts videos from trending or getting traction in the recommendation algorithm if they’re deemed 18+. In recent years LGBTQIA+ content creators have widely reported basic words such as ‘trans’ or ‘gay’ are automatically flagged as adult, regardless of the video’s content.  Regardless of Google’s inevitable response to this issue, it stands as a cautionary tale to all podcasting companies: automation technology is a wonderful tool but it is also prone to developing unintended biases based on its creators and training. Unintended consequences such as removing the first episode of a podcast about gay characters halfway through the month dedicated to commemorating the birth of the gay rights movement in the United States.   Spotify’s gone shopping again. According to Tech Crunch’s Ingrid Lunden on Monday, Spotify is purchasing Sonantic, the company behind the AI speech synthesizing tech used to voice Val Kilmer’s character in Top Gun: Maverick.  While AI voices are the new hotness in entertainment, including Disney’s partnership with Respeech to synthesize younger versions of Mark Hamill and James Earl Jones for The Mandalorian and Obi Wan, Spotify hints at more grounded visions for Sonantic’s tech. The blog post cited by Lunden hints at it being used across Spotify, not in one specific application of a synthetic voice.

      “One example that Spotify gives of how it might use the tech is to use AI voices to bring more audio-based recommendations and descriptions to users who are not looking at their screens — for example, for those driving cars or listening while doing other activities and not able to look at a screen.”  It seems Spotify might be aiming at constructing their own version of Siri or Alexa moreso than dipping their toes into synthetic podcasters. At least, not yet.  Once again, we bring you useful news directly from Apple. On Wednesday Apple posted a guide on the Apple Podcasts for Creators website simply titled “Search on Apple Podcasts.”  While the information contained therein is more directly useful for podcast creators more so than the wider industry, it’s important to understand the nuts and bolts of how such basic things work. Especially when large companies like Apple voluntarily step up to the plate to be more transparent about systems usually kept locked in secrecy for fear of bad actors exploiting the transparency for gain.  “The more listeners engage with your new shows and episodes, the higher they will rank for relevant search terms, so make sure to promote your shows and episodes on Apple Podcasts when they launch. Make sure your channel name, show titles, and episode titles are specific and unique so they may appear in relevant searches. Be distinctive and avoid using names that are too generic or too similar to existing shows. Avoid using emojis and repeated episode titles.”  While aspects of these two paragraphs have been known from public statements by Apple employees - Apple’s frustrations with people putting repetitive things like episode numbers in titles has been a long-runnin
      12 min
    • Spotify’s Earnings Call Happened + 5 other stories for Jun 10, 2022
      This week on The Download: Spotify’s earnings call happened, Apple improves podcast statistics, and podcast pros weigh in on how many ads is too many ads. Podcast statistics are about to get better, thanks to a recent update from Apple that’ll help take a bite out of AppleCoreMedia’s presence on podcast statistics. Anyone who just opened the linked source and doesn’t have a background in coding: we promise that page makes sense. User Agents are how we truly understand what specific app is being used to play a podcast. AppleCoreMedia is the default displayed by iOS apps if they haven’t built their own player from scratch. Few do. This leads to a snowball effect of either over or under-counting Apple’s presence in the market. As James Cridland explained in Tuesday’s Podnews:  “Buzzsprout’s global stats don’t include AppleCoreMedia, under-estimating downloads from Apple Podcasts. On the other hand, Libsyn’s stats wrongly attribute all traffic to AppleCoreMedia as Apple Podcasts.” This new update from Apple solves for that. For a more detailed breakdown on AppleCoreMedia, we recommend the Podnews article from April “Mythbusting: are downloads from 'AppleCoreMedia' mostly from Apple Podcasts?” Edison Research’s 2022 edition of the Smart Audio Report is slated for June 16th.  In 2017, for the original Smart Audio Report, NPR and Edison surveyed smart speaker owners to learn how the technology was being integrated into their lives.  “The 2022 installment of the Smart Audio Report will not only offer an update on some of those original families, but also fresh data from a recent national study that measures attitudes around voice tech among those who use it and those who don’t.” For those listening in time to register, one can do so for free at the link provided in our show notes.   This Wednesday Bloomberg’s Ashley Carman live-tweeted the Spotify earnings call. The music powerhouse had a fair bit to say about their podcasting efforts, including some numbers that come as a bit of a surprise after such heavy investment over the past few years. As reported by Carman:  “A number! Spotify had 200 million euros in podcast revenue in 2021. They expect it to be a $20 billion opportunity.”  If that number feels low, that’s because it is. In a reply on Carman’s thread Podnews editor James Cridland pointed out that $220 million USD of profit amounts to only fifteen percent of the total podcast ad revenue for just the United States in 2021.  In addition to the revenue number, Spotify teased some details of their upcoming audiobook offerings that’ll put them in a market mostly dominated by Amazon’s Audible wing. In a bit of mixed messaging, much hay was made about Spotify branching out into three new businesses but they also claim they’re a music-first company.  CEO Daniel Ek said: “That’s the thing you just have to get about Spotify. We’ll put out these big, audacious targets.” The irony of this being the official position of a company with a history of announcing big, audacious projects only to blow past the intended release window by months, if not cancel them, is not lost on The Download.  The earnings call also featured a section criticizing the limitations of RSS distribution, including calling it outdated tech. This is a curious change in tack given a substantial amount of ad service on Spotify is handled through RSS by Megaphone. It remains unclear as to why Megaphone is being left out in the cold while doing a not-insignificant portion of the business that got them to their percentage of 2021 global ad revenue.  Every podcast with ad breaks has struggled with an eternal, unanswerable question: how many ads is too many? On Monday MarketingBrew’s Alyssa Meyers published “What’s the perfect number of ads in a podcast episode?”  Spoiler alert: Meyers’ quest involving interviews with 14 marketers doesn’t turn up a magic formula that’ll change the industry. Some questions can never be concretely answered, but there is wisdom to be found in a big-picture view of the current podcast advertising landscape.  In general, Meyers found short-form podcasts with episodes shorter than thirty minutes featured four ad slots populated with three to six ads. Long-form podcasts had the same potential slots for ad breaks but increased the maximum threshold up to eight potential ads per episode.  “As of the first quarter of 2022, about 5.5% of a podcast episode was made up of ads, according to podcast media planning platform Magellan AI’s quarterly benchmark report.” Big takeaways from those interviewed include acknowledging the power of host-read over pre-recorded, fewer quality ads beat out quantity, and inevitably the best ad is the one the host knows will work with the audience they’ve cultivated.  Finally, a quick-hits rundown of two articles we think are well worth your time that came out this week:  Crooked Media adds speech-to-text podcast captions with Adobe partnership, by Brad Hill. And, in our continuing mission to bring news of global podcasting:  Podcasts more popular than ever as ‘a reliable source of information,’ study shows by The Brussels Times. The Download is a production of Sounds Profitable. Today's episode was hosted by Shreya Sharma and Manuela Bedoya, and the script was written by Gavin Gaddis. Bryan Barletta and Evo Terra are the executive producers of The Download from Sounds Profitable. Evo Terra edited today's episode. Special thanks to our media host, Omny Studio.See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.
      8 min
    • Podcast Euro-Trip Recap
      Arielle Nissenblatt and Bryan Barletta discuss some big Sounds Profitable news – Tom Webster has officially joined the team, we announced a big Summit, taking place at Podcast Movement in Dallas later this year, and we’ve got some research presentations coming soon. Bryan and Arielle also recap Bryan’s last few weeks – his whirlwind adventures in Europe, attending both Radio Days Europe in Malmo, Sweden, and Podcast Show London in…London. Listen for:
      • Bryan’s recap of Radio Days Europe and his big takeaway
      • Bryan’s review of the Chunnel
      • Bryan and Arielle’s vegan food podcast announcement
      • Bryan’s recap of Podcast Show London and the big opportunity that outside-of-the-U.S. podcast presents
      • What to expect at the Sounds Profitable Summit at Podcast Movement in August in Dallas
      • How to become a sponsor to get involved with the Summit and with Sounds Profitable
      •   Here’s our favorite idea from this conversation: if you’re looking to find a niche in the podcast space, learn all about the podcast and audio market outside of the U.S. According to Bryan, through his experience in Europe, there’s tons of opportunity here, especially in the advertising space. Links:
        • Bryan Barletta
        • Arielle Nissenblatt
        • Radio Days Europe
        • Podcast Show London
        • Sounds Profitable Summit at Podcast Movement
        • The Download
        • Sounds Profitable: Narrated Articles
        • SquadCast
        • Credits:
          • Hosted by Bryan Barletta & Arielle Nissenblatt
          • Audio engineering by Evo Terra
          • Executive produced by Evo Terra of Simpler Media
          • Sounds Profitable Theme written by Tim Cameron
          • See omnystudio.com/listener for privacy information.
            19 min
          • Podcast Profits On The Rise In The UK + 5 other stories for June 3, 2022
            This week on The Download: Podcast profits on the rise in the UK, white noise podcasts prove profitable, and the first Sounds Profitable Business Leader's Summit is headed to Podcast Movement. As is true of many episodes of The Download, we start with an article published on Tuesday. Bron Maher of the Press Gazette published “https://pressgazette.co.uk/economist-podcasts-paywall/”  The lede is somewhat buried, as the interesting information lies not in the framework of The Economist’s future plans to paywall podcasts, but in just how much traffic those free podcasts bring in. Prior to the launch of the publication’s flagship podcast The Intelligence, The Economist had seven full-time employees dedicated to podcasting. As of 2022 that number has ballooned to thirty of the paper’s nearly 320 staff. Quoting the article:  “The Intelligence gets approximately 350,000 downloads an episode. In a month, Prideaux said the podcast can now reach as many as two million listeners. During peak coverage of the invasion of Ukraine, the figure hit two and a half million. Across its entire podcast stable, The Economist is now being listened to by more than three million people a month. That compares against 1.2 million print subscribers – while its digital circulation in the second half of 2021 was 995,228, according to its ABC report.” John Prideaux, director of podcasts for The Economist, notes that the podcasting wing’s success brings an unexpected level of familiarity with one’s audience. The Economist’s longstanding policy on not publishing bylines does not extend to their shows, allowing parasocial relationships to blossom where they wouldn’t in articles of identical information without an author attached. Maher quotes Prideaux: “I mean, it’s a bit of a surprise – some of our people, who are on the podcast, they suddenly get not exactly recognised, but internet famous in a way that is new for a place with no bylines. And some of them find that a bit alarming.” Regardless of whether the publication paywalls previously free content, nearly two decades of embracing podcasting has lead The Economist to a point where a fraction of its staff bring in more impressions via podcast audience than the actual published paper.  Jacob Kastrenakes, writing for Hot Pod Insider, https://newsletters.feedbinusercontent.com/d1c/d1cd50d1a231ab6a200d0d2d0802ce2b4cf7b3b4.html. The main takeaway of the talk? iHeart believes there’s a finite window in which one can determine if a podcast can be made successful purely through promotion. “First off, a show has to be good, according to Bob Pittman, iHeart’s CEO and chairman. ‘We can’t make something that’s not a hit a hit,’ he said. From there, it comes down to marketing. ‘What we can generally find is probably in two or three weeks, we can see if we've got a hit or not with heavy promotion.’” Though, unlike radio, a lack of success during launch window doesn’t spell death for the product. Kastrenakes quotes Pittman as saying podcasts have “unlimited shelf space.” Without a limited amount of bandwidth on which to program, iHeart is able to take risks on relatively cheaper production costs and - even if it doesn’t take off in the 2 to 3 week launch period - allow the product to exist on its own in hopes outside forces lead to a free resurgence in popularity.  Once again we circle back to the global story of podcasting doing well everywhere, not just in the North American markets. Quite well, in fact, according to https://pressgazette.co.uk/publisher-audio-revenue/?utm_source=podnews.net&utm_medium=web&utm_campaign=podnews.net:2022-05-31 “Among the sample of 12 publishers included in the report, which was produced by the Association of Online Publishers (AOP) and Deloitte, audio revenue hit £4.2m in the first quarter of this year. This was six times what they made in the first quarter of 2021.” Deloitte’s Dan Ison claims daily podcast listening has caught up to online radio in the UK, growing to the point one in ten adults under 25 pay for at least one form of premium podcast subscription.  AOP managing director Richard Reeves, as quoted by Majid, said:  “We’ve seen revenue for digital audio grow steadily over the last few quarters, driven in part by what’s being deemed the ‘golden age of podcasts’. The 500% revenue growth reported for this channel in Q1 2022 demonstrates that publishers are now successfully monetising this type of content.” This next bit of news is home-grown as it comes direct from Sounds Profitable founder—and former host of The Download—Bryan Barletta. In partnership with Podcast Movement, https://soundsprofitable.com/update/business-leaders-summit.  “On its own, a one-day business-focused event would be a hard sell to just about anyone, even in NYC or LA. But as an industry, we absolutely need one. A day dedicated to the real tough conversations that the industry needs to have in order for us to drive the progress that leads to a $4bn US podcast advertising industry and then some. So, for an event like this to thrive, it would need to be attached to the undisputed leading podcast industry event in America.”  The summit is slated to kick off with the Sounds Profitable quarterly research report.  “Measurement, video, and programmatic are words we hear in conversation every single day. Sometimes positively, occasionally from a negative perspective, and most often from a place of curiosity. So we’ve gathered the best and brightest to make sure we’re all on the same page, as each of these three topics continue to grow in popularity and importance.” While the quarterly report will be available publicly, the rest of the Summit - keeping in line with a key goal of fostering candid conversations on where to take the future of podcasting - will only be accessible to members of companies that sponsor Sounds Profitable.  For our last full story of the week we turn to Ashley Carman’s Bloomberg piece from Wednesday: https://www.bloomberg.com/news/articles/2022-06-01/how-to-make-money-on-spotify-a-white-noise-podcast-could-bring-you-big-bucks.  Carman’s brief journey into the world of white noise podcasting reveals a surprisingly healthy field of competing products all fundamentally designed to serve up calming soundscapes to put audiences to sleep, all while running occasional ads to their slumbering subscribers. Quoting Carman: “Those who did respond to interview requests say they are making good money, winning over fans and marveling at the power of podcast distribution. Collectively, the shows represent a burgeoning and lucrative podcast genre.” Take, for instance, the story of Brandon Reed: a man whose podcasting career started by using Anchor more as a file hosting platform for white noise to soothe his own son rather than intending on distributing the files globally. Three years later things are extremely different. Quoting Carman again: “His inadvertent hit has also made the charts on Apple Inc.’s Podcasts app and has reached over 26.6 million total listens, he said. Reed now offers a $2.99 monthly subscription, which gives paying customers access to additional sounds and the ability to request new ones. When a chiropractor needed railroad clacking for an anxious patient, Reed went out and captured it. So far, he’s made over $10,000 through subscriptions.” At the risk of reigniting years-old social media arguments as to what it means for a piece of media to qualify as a podcast, these snippets from the world of calming noise serve as a reminder that restrictive views of podcasts both in format and content can leave niches unserved.  And finally, befitting of a short episode we only have one article for our semi-recurring segment spotlighting articles worth reading that didn’t quite make it into the episode. This week The Download recommends https://moncarnet.blog/2022/06/01/baladoauquebec/?utm_source=podnews.net&utm_medium=rss&utm_campaign=podnews.net:2022-06-02 Fair warning, the post is in French, but it contains statistics relevant to The Download’s ongoing coverage of podcasting’s growth in global markets. Time to dust off that vocab textbook from college.  The Download is a production of http://soundsprofitable.com/. Today's episode was hosted by https://www.linkedin.com/in/shreyaapurvsharma/ and https://www.linkedin.com/in/manuelabedoya/, and the script was written by https://twitter.com/GavGaddis. https://twitter.com/bryanbarletta and https://twitter.com/evoterra are the executive producers of The Download from Sounds Profitable. Evo Terra edited today's episode. Special thanks to our media host, https://omnystudio.com/
            11 min
          • The Final Show - But Not The End
            Future articles and podcasts from Sounds Profitable (and me!) are all available here: https://soundsprofitable.com/episodesThanks for coming along for the ride, and I hope you'll join me at Sounds Profitable!See omnystudio.com/listener for privacy information.
            3 min
          • All The Sounds Profitable That’s Fit To Print with Arielle & Evo

            Evo Terra and Arielle Nissenblatt discuss all things Sounds Profitable. They go through SP’s recent announcements, content schedule, mission and vision, and more.

            Listen for:

            • A breakdown of all of our podcasts and why you should be subscribed
            • A breakdown of our article schedule and how you can contribute
            • A discussion of what Sounds Profitable aims to be
            • How we’re pivoting from a newsletter about podcast adtech to a larger business covering the business of podcasting
            • Some history of Evo and his background in adtech
            • How Arielle for got in touch with Bryan
            •  

              Here’s our favorite idea from this conversation: like the podcast industry, Sounds Profitable is constantly evolving to fit the needs of the community that it serves.

              Links:

              • Evo Terra
              • Arielle Nissenblatt
              • The Download
              • Sounds Profitable: Narrated Articles
              • SquadCast
              • Credits:

                • Hosted by Bryan Barletta & Arielle Nissenblatt
                • Audio engineering by Evo Terra
                • Executive produced by Evo Terra of Simpler Media
                • Sounds Profitable Theme written by Tim Cameron

                  See omnystudio.com/listener for privacy information.

                  27 min
                • Spotify Erroneously Serves Liquor + 4 more stories for May 27, 2021
                  This week on The Download: Spotify erroneously serves liquor, platforms continue to snap up content houses, and RSS.com shares how they beat podcast spam. Last week Spotify experienced the mother of all brand safety mistakes, and for now it has cost them the ad dollars of a major liquor distributor. https://tannerhelps.substack.com/p/spotify-done-effd-up-big-time?s=w, sometime on Saturday Spotify began serving a banner ad for bourbon distillery Wild Turkey to the profile of every podcast. This led to numerous screenshots demonstrating just how unfortunate such a slip-up can be, including children’s entertainment and podcasts discussing sobriety. https://podnews.net/uploads/campari-group-statement.txtQuoting their statement:  “We are disappointed that the implementation of the campaign by Spotify was inconsistent with our advertising code and have paused all media with Spotify pending results of the investigation. We are members and partners of DISCUS and Responsibility.org and unequivocally support a responsible marketing agenda.”  The Download has covered numerous stories involving new tech designed to ensure brand safety when it comes to problematic podcast hosts or suspect content in an existing brand’s catalog, but this slip-up shows brand safety doesn’t stop at the content of the podcast itself. Which leads to a decision that might set up further problems in the very near future. https://www.protocol.com/bulletins/spotify-political-adsQuoting the article: “In an email the company sent out to potential partners this week, Spotify said that political ads will appear “across thousands of podcasts on and off Spotify.” An accompanying presentation promises political advertisers the ability to target niche audiences and tap into AI-driven “contextual targeting,” which allows advertisers to place ads in podcasts when they are discussing issues relevant to their target audiences.” Lapowsky highlights the uphill struggle Spotify has ahead of them. While competitors like Meta and Google have made efforts to be open with political advertisements by maintaining large public archives, Spotify’s starting from scratch.  The Wild Turkey slipup isn’t enough to raise alarms at Spotify’s ability to run ads ethically. Mistakes happen. That said, it does highlight just how impactful a mistake can be when made by a massive player in the industry. A player now dabbling in an area of advertising infamous for its ability to spread disinformation.  It’s been a week of big-name acquisitions of talent in the podcasting world. The massive long-running interview podcast WTF with Marc Maron signed with Acast, https://rainnews.com/marc-maron-and-wtf-to-join-acast/ “‘Entering into a partnership with the podcast giant Marc Maron is a big win for Acast and for the open podcasting landscape, as this deal guarantees that the podcast can continue to be listened to by everyone, everywhere and on their preferred listening platform,’ said Ross Adams, CEO of Acast.” WTF, which previously operated as an independent production with a paywalled back catalog available for a fee on its website, will now switch to offering older episodes to Acast+ subscribers as bonus content. For the audience little will change, but Acast has just inherited one of the biggest names in podcasting outside of Spotify’s walled garden and gets to handle ad sales.  Establishing the trend for the week, https://podnews.net/press-release/siriusxm-team-coco most notably bringing aboard Conan O’Brien Needs a Friend. Like the Maron buyout, Sirius has purchased the production house whole hog, including a five year talent agreement with O’Brien. Longtime fans of the former late-night comedian will understand the gravitas behind convincing O’Brien into an exclusivity deal after his messy breakup with NBC.  Rounding out the trio of announcements, Monday also saw https://redcircle.com/blog/redcircle-partners-with-drew-binsky/?utm_source=podnews.net&utm_medium=rss&utm_campaign=podnews.net:2022-05-24. Binsky is making the popular move for influencers by starting a podcast guaranteed to court a built-in audience from his existing audience, sporting 3.3 million YouTube subscribers alone.  “Roots of Humanity celebrates the beauty and diversity of the world, which is aligned with RedCircle’s vision of helping podcasters of all sizes and shapes across the globe to get rewarded for their work. RedCircle is excited to be part of Drew Binsky’s journey and help him to achieve his goals with its modern podcast hosting and monetizing technology.” It seems the trend continues with podcast platforms looking beyond simple exclusivity rights for an individual podcast to focus on acquiring production houses and existing brands that can act as content engines beyond the popular podcast’s lifespan. Full creator/talent packages are the current hotness and there’s no signs of them slowing down. This Monday Sounds Profitable’s own Bryan Barletta https://twitter.com/BryanBarletta/status/1528858422665691136 In simple terms, the Buzzsprout Ads beta gives podcasters the ability to use Buzzsprout’s dynamic ad insertion tech to implement midroll ads in a way previously only available to signed talent or shows with crew who’ve worked in advertising.  Producers entering the beta can manually review ads to decide which would be the best fit for their podcast and whitelist them for inclusion. Buzzsprout’s tech by default uses a music jingle slowly increasing in volume to signal an ad break is approaching, attempting to emulate the five second timer announcing ad breaks on video hosting platforms like YouTube. Users are given a surprising amount of customization with this feature, offering five stock transition options as well as the ability for hosts to record their own ad break and ad return bumpers for the automated system to use.  Accessibility has also been taken into account. The Buzzsprout Ads platform is designed to drop chapter markers around each inserted ad and automatically time-shift the SRT file for podcasts with transcripts to accommodate the inserted ad changing timecodes for any portion of transcript that takes place after.  Bryan sums things up best at the end of his thread, saying:  “Ad monetization empowers many podcasters to grow their show into a business. Sponsorships will always take the cake, but out-the-gate options for a skilled creator without sales experience changes the game. DAI Marketplaces and Programmatic are how we hit those IAB numbers.” A few days ago a string of spam podcasts were published to major platforms, all containing a single episode of unrelated audio aimed at using the show art and description fields to promote escort services in various locations in the United Arab Emirates. They had the legitimacy of the spam texts one gets at 2:00 a.m., but they were produced by the dozen. https://podnews.net/article/podcast-spam-naughtiness “We had two options: a. “Throw humans at the problem”, hire 1 or 2 extra people to counteract this misbehavior (perhaps also implementing a moderation queue for newly created podcasts). b. build tech to address and mitigate the problem. We chose option B because it works at scale, it doesn’t need food and drinks, and because it’s a lot more fun! A few people in our team, in fact, have a strong AI/Machine Learning background and it doesn’t happen very often to have the opportunity to leverage this skill set in the podcasting space.” What’s important here isn’t necessarily the fact RSS.com was able to quickly fix the issue with neart machine learning and clever implementation of tools to prevent false positives from getting stuck in the system, it’s the fact that we the public know the broad strokes of how they accomplished it.  “We cannot share our current ML model as open source because it is part of the unique value proposition of our company. However, we have described the methods and provided actionable recommendations for anyone that wants to build something similar. Hopefully, this is our small contribution to keep podcasting spam free!” Sharing methodology used to overcome issues that could affect anyone with similar services in the market is useful, embodying the spirit of open source communities even when dealing with proprietary creations. We need more sharing like this across the industry.  Finally, it’s time for our semi-regular roundup of articles that didn’t make it into today’s episode, but are still worth working into your weekend reading. 
                  - https://www.marketingbrew.com/stories/2022/05/24/streamers-are-creating-companion-podcasts-for-superfans-of-their-shows
                  12 min
                • What To Expect When You’re Expecting Tom Webster (To Join Sounds Profitable)
                  Today on the show, Arielle Nissenblatt chats with soon to be Sounds Profitable partner, Tom Webster. They discuss Tom’s entry into the audio world, what drives him to tell stories with data, how to be into statistics without being a “math” person, and our near and longterm plans for the company.   Here’s our favorite idea from this conversation: Arielle asked Tom to go through the pillars that the team has outlined as important principles for the company and we break them down. This is a mission statement that we want the podcasting public to hold us to. Links:
                  • Tom Webster
                  • Tom’s recent article for Sounds Profitable
                  • The Download
                  • Sounds Profitable: Narrated Articles
                  • SquadCast
                  • Credits:
                    • Hosted by Bryan Barletta
                    • Hosted by Arielle Nissenblatt
                    • Audio engineering and transcriptions by Ian Powell
                    • Executive produced by Evo Terra of Simpler Media
                    • Special thanks to James Cridland of Podnews
                    • Sounds Profitable Theme written by Tim Cameron
                    •  See omnystudio.com/listener for privacy information.
                      23 min
                    • Premium Podcasting On Apple Just Got Easier + 4 more stories for May 20, 2022
                      This week on The Download: Premium Podcasting on Apple just got easier, Media Monitors slips up on methodology, and Podfest Africa’s annual study is here. Publishing content to a premium subscription feed on Apple Podcasts is about to become far less painful. This Tuesday Techcrunch’s Sarah Perez https://techcrunch.com/2022/05/16/apple-podcasts-gains-storage-clean-up-tools-support-for-annual-subscriptions-and-a-new-distribution-system/ in a rundown of Apple’s new announcements. Quoting the article: “Starting this fall, a select number of hosting providers will support the Delegated Delivery system, including Acast, ART19, Blubrry, Buzzsprout, Libsyn, Omny Studio and RSS.com. Apple says these providers represent around 80% of listening for premium content on Apple Podcasts, and more services will be added over time.”  Additionally: “The feature will be available at no additional cost to all creators through Apple Podcasts Connect and creators won’t need a membership to the Apple Podcasts Program to publish their free shows — only to publish premium content.” Prior to the introduction of the delegated delivery offerings, uploading a premium file to Apple for one’s monthly subscribers was an arduous and time-consuming process. Now the process will be smoother, at least for those on hosting platforms included in Apple’s rollout.  https://twitter.com/ashleyrcarman/status/1526221885259784192 noted the divide possibly forming between providers when comparing who supports the new Apple feature and who is partnered with Spotify’s similar premium service. The tweet read: “Spotify works with third parties to support its subscription offering, too. The only overlap is Acast, at least according to the initial partner list. [I’m] curious if this means there's now additional stratification in [the] podcast world: team Spotify or team Apple.” In what is pleasantly becoming a weekly segment on The Download, we bring news of podcasting flourishing on a global scale. Last month Podfest Africa published the 79 page report titled https://www.podcasting.africa/discovery-tour-data-edition-report The study is built off research collected in part with in-depth interviews with podcast producers and industry stakeholders, reviewing existing literature on relevant topics, and a survey of 370 podcast listeners across the study’s target areas of Kenya, Nigeria, and South Africa. Unsurprisingly, podcasting seems to be doing well. “These results build on existing evidence of the rapid growth of podcast usage in allt hree countries and the evidence that South Africa, Kenya and Nigeria are the most developed podcasting markets on the African continent.” A quick rundown of some interesting statistics provided: on average over 50% of respondents were women. With all results aggregated the idea podcast episode length across the three represented countries is 30 to 40 minutes. Spotify has a significant advantage over its competitors for distribution in the three countries studied for apps most used to listen to podcasts, clocking in at 35.1%. Apple comes in at a close second with 18.1% of the market share. Google Podcasts, YouTube, Anchor, and Afripods make up the rest of the top contenders.  In its key takeaway section, the study makes a point of stressing that their findings suggest - unsurprisingly - audiences want content influenced by local creators and local companies.  “A key growth opportunity identified is educating media companies to not rely on Western expertise for guidance on podcast production but instead to generate key insights through research from the African continent.” Continuing the trend of podcast news favoring Tuesdays, for some reason, Alyssa Meyers of Marketing Brew publishedhttps://www.marketingbrew.com/stories/2022/05/17/here-s-what-you-missed-at-the-2022-iab-podcast-upfront?mid=4afb33bb7ffe284d840660fb3604ff60 Quoting the article: “If you couldn’t make it last week (or if you were already burnt out from NewFronts), we tuned in and rounded up some of the most important announcements and themes of this year’s event, which positioned pods as ‘mainstream, prominent, and influential.’” Meyer’s reporting condenses a substantial amount of IAB content down to three main points plus a bonus regarding Disney - ever a fan of conglomerating - consolidating podcasting brands under one banner. The three common topics focused on diverse hosts and audiences, statistical dumps in the form of podcast trend reports, and quite a few mentions of brand safety.  That last point might perk up the ears of long-time Download listeners, as brand safety is a recurring topic in more places than the IAB UpFront. Even https://omny.fm/shows/the-download-from-sounds-profitable/us-podcasting-revenue-is-up-5-more-stories-for-may included coverage of a story involving ethics in adtech and its impact on brand safety.  This Monday Media Monitors published the results of a listeners survey conducted over two weeks in March, all bundled with the enticing headline https://www.mediamonitors.com/npr-slips-as-smaller-publishers-capitalize/ The findings begin with a ranking of the top ten publishers from the top 200 podcasts for the first quarter of 2022. The iHeartPodcast network comes in first place, followed by Spotify in second with Amazon Music and SiriusXM tied for third. NPR doesn’t place in the top ten publishers. Editor James Cridland adds vital context in https://podnews.net/update/habit-secret “To suggest that NPR isn’t in the top ten of US podcast publishers is obviously untrue; but helpful narrative for its competitor iHeartMedia. Coincidentally, iHeartMedia owns Media Monitors, a fact not disclosed.”  Accountability is key when presenting data like this.Media Monitors analyzed the top 200 podcasts mentioned by respondents in their survey, that conveniently shuffled the deck so their parent company place first while a legacy competitor was shuffled off the list entirely. It was then followed on Tuesday by https://www.edisonresearch.com/sxm-is-the-top-podcast-network-in-the-u-s-based-on-reach/. Edison’s findings show a fair difference in ranking, with SXM Media coming in first, Spotify in second, and iHeartRadio placing third. NPR rejoins the group and places fourth.  In the interest of full disclosure, the following quote from the press release is from Director of Research at Edison Research Gabriel Soto, who is also be co-host of The Download’s Spanish sibling show La Descarga.  “Edison Podcast Metrics is the only dataset that covers the entire U.S. podcast space. By surveying listeners and measuring their actual consumption, the data doesn’t depend on opt-ins from networks and isn’t subject to the various issues with counting downloads. These top networks offer a diverse range of shows that appeal broadly to listeners.” Methodology matters. Who owns the ranking company matters. Opt-in will always be incomplete and the techniques used to fill those gaps matter.  Another Tuesday article joins the episode with James Hercher’s AdExchanger piece https://www.adexchanger.com/online-advertising/brands-lean-on-new-attribution-tech-just-dont-call-it-mta-as-budgets-split-to-new-channels/?oly_enc_id=7865D1013734B0R  New models of attribution are coming for all of advertising, challenging the incumbent Multi Touch Attribution. Companies like Measured, Triple Whale, and Northbeam are all taking new approaches as old ones fail to deliver. The following quote contains a nested quote from Parachute’s VP of Growth Ian Yung. “One social media platform stuck out as an early win for Measured, according to Yung. Parachute was spending in the low six figures per month on the platform. “And they were obviously giving us reporting that it was very profitable.” Upon closer inspection, Measured found Parachute’s spending on the unnamed platform could be cut to zero and show no impact on sales. An all-too familiar adtech story. Quoting the article again: “Podcast advertising is another category that Parachute rethought once it had a measurement testing regime in place. Podcast attribution often banks on listeners redeeming a particular code, which under-credits the channel. “Podcasting is one [rarer] example where we have to take the reporting and increase what it has on our end to capture the true value,” Yung said.” Companies outside of podcasting are coming into the adtech space, and fast. It just so happens the podcasting industry has been operating steadily without widespread MTA adoption in the first place.  The Download is a production ofhttp://soundsprofitable.com/. Today's episode was hosted byhttps://www.linkedin.com/in/shreyaapurvsharma/ andhttps://www.linkedin.com/in/manuelabedoya/, and the script was written by
                      11 min

                    About Sounds Profitable

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                    The pace of change the podcast industry is undergoing is staggering. The implications for podcasters, hosting providers, podcast listening app developers, and advertisers and agencies are enormous.…

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