Sounds Profitable

This week, why podcast listening has been destroying commercial talk radio right under our noses. Plus Demi Lovato, ONJ, and schnitzel.

This is The Download from Sounds Profitable, the most important business news from the world of podcasting, I'm Bryan Barletta.And I'm Evo Terra. Today, The New York Times Bets half a billion on sports, NPR doubles down on paid subscriptions, Spotify goes all-in on in-app digital ads, and I'm clearly making too many gambling references. Let's get started.NYT buys The AthleticThe New York Times has agreed to purchase the sports news company, the Athletic, for $550m. The six-year-old company, which raised $50m in 2020 at a $500m valuation, was originally in talks to sell to the New York Times last summer, but the deal fell through due to disagreements on price. With the New York Times focusing heavily on subscription content and on audio with their new app, called obviously enough "New York Times Audio", acquiring the Athletic with their 1.2m paid subscribers, which is 1/8th the total subscriptions the New York Times has, puts them on track to easily exceed their goal of 10m subscribers.Currently, the Athletic is hosted on Megaphone, part of Spotify, and participates in the Spotify Audience Network. The New York Times hosts on Simplecast, part of Adswizz, which also offers a competing monetization product. Whether we see The Athletic migrate to Simplecast or not likely depends on how integrated the two companies will be with each other.AdvertiseCast has updated their Industry Average Podcast Advertising Rates page as of January 1st, 2022. AdvertiseCast has been tracking the average CPM rates for their client podcasts since the beginning of 2020, grouping the rates charged by podcasts into three buckets—shows getting less than 10,000 downloads per month, shows getting between 10,000 and 100,000, and those seeing more than 100,000 downloads per month.And it's good news, with the average CPM of all groups at just under $24, up nearly 6% comparing December 2021 to December 2020. And the biggest shows saw an even higher increase, jumping up by more than 8% year over year.The takeaway here is clear: The actual value—not just the perceived value, but the actual value paid by advertisers on 2,412 podcasts in this sample size, is going up for podcast advertising.
Reviewing the programmatic mergers and acquisitions that James Hercher of AdExchanger pointed out this week, there’s a lot of trends happening in channels outside of podcasting that bode well for our industry.Hercher writes:“Historically, DSPs and SSPs have been kept separate from ad server businesses. Ad servers are the source of reconciliation data, meaning they decide whether ads were served or visible and whether advertisers should pay for an impression. Although walled gardens can often get away with bundling an ad server and grading their own homework, open programmatic companies generally could not. But SSPs need an ad server for CTV.”This need has been echoed in podcasting for quite some time. Companies like Triton Digital and Adswizz offer publishers both adserving and SSP capabilities in one package.Similarly, verification vendors like DoubleVerify and Integral Ad Science, whose technology relies on client-side execution to verify ads, have each purchased contextual advertising companies to further their offering. Contextual verification is the easiest path for these vendors to enter the podcast space, enabling their clients to validate their purchased podcast inventory.Axios reports that NPR is taking another run at monetizing their podcasting efforts, working with premium podcast provider Supporting Cast to launch NPR+. The broadcaster plans to add a slate of new shows as well as subscriber-only episodes, including "podcast bundles" as incentives to listeners who become members of local NPR affiliates.Quoting from the article:"Subscription podcasting offers a new digital business model for NPR and its member stations. But its long-standing mission to inform the public limits how much content the non-profit can put behind a paywall.""NPR has been experimenting with podcasts for well over a decade, but it's pushing more aggressively to produce podcasts, particularly daily shows, that it can include in subscription efforts.""Podcast subscriptions will be used to drive revenue from loyalists who want to support their favorite shows and hosts, similar to radio memberships.""It's about the relationship that our journalists, our producers, our editors have with their audiences and their ability to create and craft new relationships," said Sarah Gilbert, vice president for news programming."The new NPR+ service is already live, with nine shows available at the time of this recording, each going for $2.99 per month.Spotify has released their take on a companion ad to accompany their streaming ad insertion offering, called CTA Cards. The unit works by providing a size-variable, banner-like ad, served only to listeners of Spotify's original and exclusive podcasts, and only to users of the Spotify mobile app.What’s unique about this ad unit is its staying power. The ad—or "card"—will be visible to the listener on both the episode and show pages for seven days or until the end of the campaign, whichever is shorter. This feature isn’t yet available to publishers who use Spotify Audience Network through Megaphone or Anchor, nor is it available to any publisher directly selling their inventory.Spotify is straddling the walled garden of advertising with their in-app streaming audio offering and their mainstream podcast advertising through dynamic ad insertion. But as they release more unique ad features solely to users of their mobile app, it will be interesting to see how Spotify responds to listener pushback for selling and running ads for their Spotify Premium customers who have paid for ad-free listening.
And that was The Download, from Sounds Profitable! I know we went through these fast, so be sure to check out the links to every article mentioned right in your podcast listening app. And thanks for sticking with us on this grand experiment to give you the best stories you migh have missed from this week. I'm Evo Terra.I'm Bryan Barletta. Thanks for joining us. Robot?
[Download complete!]
See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.

This is The Download from Sounds Profitable, the most important business news from the world of podcasting, I'm Bryan Barletta.And I'm Evo Terra. Today, The New York Times Bets half a billion on sports, NPR doubles down on paid subscriptions, Spotify goes all-in on in-app digital ads, and I'm clearly making too many gambling references. Let's get started.NYT buys The AthleticThe New York Times has agreed to purchase the sports news company, the Athletic, for $550m. The six-year-old company, which raised $50m in 2020 at a $500m valuation, was originally in talks to sell to the New York Times last summer, but the deal fell through due to disagreements on price. With the New York Times focusing heavily on subscription content and on audio with their new app, called obviously enough "New York Times Audio", acquiring the Athletic with their 1.2m paid subscribers, which is 1/8th the total subscriptions the New York Times has, puts them on track to easily exceed their goal of 10m subscribers.Currently, the Athletic is hosted on Megaphone, part of Spotify, and participates in the Spotify Audience Network. The New York Times hosts on Simplecast, part of Adswizz, which also offers a competing monetization product. Whether we see The Athletic migrate to Simplecast or not likely depends on how integrated the two companies will be with each other.AdvertiseCast has updated their Industry Average Podcast Advertising Rates page as of January 1st, 2022. AdvertiseCast has been tracking the average CPM rates for their client podcasts since the beginning of 2020, grouping the rates charged by podcasts into three buckets—shows getting less than 10,000 downloads per month, shows getting between 10,000 and 100,000, and those seeing more than 100,000 downloads per month.And it's good news, with the average CPM of all groups at just under $24, up nearly 6% comparing December 2021 to December 2020. And the biggest shows saw an even higher increase, jumping up by more than 8% year over year.The takeaway here is clear: The actual value—not just the perceived value, but the actual value paid by advertisers on 2,412 podcasts in this sample size, is going up for podcast advertising.
Reviewing the programmatic mergers and acquisitions that James Hercher of AdExchanger pointed out this week, there’s a lot of trends happening in channels outside of podcasting that bode well for our industry.Hercher writes:“Historically, DSPs and SSPs have been kept separate from ad server businesses. Ad servers are the source of reconciliation data, meaning they decide whether ads were served or visible and whether advertisers should pay for an impression. Although walled gardens can often get away with bundling an ad server and grading their own homework, open programmatic companies generally could not. But SSPs need an ad server for CTV.”This need has been echoed in podcasting for quite some time. Companies like Triton Digital and Adswizz offer publishers both adserving and SSP capabilities in one package.Similarly, verification vendors like DoubleVerify and Integral Ad Science, whose technology relies on client-side execution to verify ads, have each purchased contextual advertising companies to further their offering. Contextual verification is the easiest path for these vendors to enter the podcast space, enabling their clients to validate their purchased podcast inventory.Axios reports that NPR is taking another run at monetizing their podcasting efforts, working with premium podcast provider Supporting Cast to launch NPR+. The broadcaster plans to add a slate of new shows as well as subscriber-only episodes, including "podcast bundles" as incentives to listeners who become members of local NPR affiliates.Quoting from the article:"Subscription podcasting offers a new digital business model for NPR and its member stations. But its long-standing mission to inform the public limits how much content the non-profit can put behind a paywall.""NPR has been experimenting with podcasts for well over a decade, but it's pushing more aggressively to produce podcasts, particularly daily shows, that it can include in subscription efforts.""Podcast subscriptions will be used to drive revenue from loyalists who want to support their favorite shows and hosts, similar to radio memberships.""It's about the relationship that our journalists, our producers, our editors have with their audiences and their ability to create and craft new relationships," said Sarah Gilbert, vice president for news programming."The new NPR+ service is already live, with nine shows available at the time of this recording, each going for $2.99 per month.Spotify has released their take on a companion ad to accompany their streaming ad insertion offering, called CTA Cards. The unit works by providing a size-variable, banner-like ad, served only to listeners of Spotify's original and exclusive podcasts, and only to users of the Spotify mobile app.What’s unique about this ad unit is its staying power. The ad—or "card"—will be visible to the listener on both the episode and show pages for seven days or until the end of the campaign, whichever is shorter. This feature isn’t yet available to publishers who use Spotify Audience Network through Megaphone or Anchor, nor is it available to any publisher directly selling their inventory.Spotify is straddling the walled garden of advertising with their in-app streaming audio offering and their mainstream podcast advertising through dynamic ad insertion. But as they release more unique ad features solely to users of their mobile app, it will be interesting to see how Spotify responds to listener pushback for selling and running ads for their Spotify Premium customers who have paid for ad-free listening.
And that was The Download, from Sounds Profitable! I know we went through these fast, so be sure to check out the links to every article mentioned right in your podcast listening app. And thanks for sticking with us on this grand experiment to give you the best stories you migh have missed from this week. I'm Evo Terra.I'm Bryan Barletta. Thanks for joining us. Robot?
[Download complete!]

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Hey it's me. I know this is an odd day for an episode, but that's because it's not an episode of Sounds Profitable the Podcast. Instead it's an episode of another podcast you should be listening to: Podcast Pontifications, by Evo Terra. It's cool, he's cool, and if you like it, search for Podcast Pontifications in your podcast app, and give it a follow. And I'm excited to share with you the next episode of Sounds Profitable the Podcast on Sunday, and the next episode of The Download on Friday. See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.

Hey it's me. I know this is an odd day for an episode, but that's because it's not an episode of Sounds Profitable the Podcast. Instead it's an episode of another podcast you should be listening to: Podcast Pontifications, by Evo Terra. It's cool, he's cool, and if you like it, search for Podcast Pontifications in your podcast app, and give it a follow. And I'm excited to share with you the next episode of Sounds Profitable the Podcast on Sunday, and the next episode of The Download on Friday.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

This is The Download, the most important business news from the world of podcasting, I'm Bryan Barletta.
And I'm Evo Terra. Today, why premium content won't kill advertising-supported podcasts, Facebook podcast activity is over-inflated, Section 230 under fire, and why the "average" podcast consumer is a myth you need to move away from. Let's get started.
With Coca-Cola picking WPP to handle their nearly $4 billion in yearly ad spend, https://www.businessinsider.com/biggest-advertising-accounts-up-for-grabs-right-now-2021-2, from Nike to CVS Health. Their list, including Coca-Cola, covers over $7.5 billion in ad spend for next year.New agencies means new strategies. And new strategies include testing new channels, which is how many of these brands view podcasting. Podcast publishers and agencies will be the resources that enable these larger agencies and brands to buy direct podcasting ads at scale, while the adtech companies will further enable programmatic offerings directly in their tools of choice.https://www.mediapost.com/publications/article/369669/the-great-app-advertising-exodus-or-not.html, where advertisers—specifically in-app advertisers—are shifting away from ad revenue with a newfound focus on subscription revenue, particularly in a post-ATT world, or Apple Tracking Transparency.Quoting from the article:"[C]onsumers have already taken on vastly higher costs of premium media subscriptions -- especially subscription video-on-demand and music services -- over the past several years, and there is only so much they can bear.In fact, over the past couple of decades, consumers have surpassed advertisers as the primary source of media revenues, and according to estimates from industry economic tracker PQ Media, the average American now pays close to $1,500 annually accessing media and media content. How much more can they take?"So what does this have to do with podcasting, you're probably asking. Well, with both Apple and Spotify leaning heavily into paid subscription models, and other premium services from Glow, Supercast, Acast+ and more continuing to explore premium, ad-free offerings, costs to subscribe to premium or ad-free podcast feeds eats into that annual subscription budget. Which means free, ad-supported podcasts will likely remain the staple of podcast listening behavior for the foreseeable future.https://www.bloomberg.com/news/articles/2021-12-22/amazon-s-voice-controlled-smart-speaker-alexa-can-t-hold-customer-interest-docsConsidering Amazon employs 10,000 people to work on Alexa and is attempting to move from a $5 loss per device sold in 2018 to a $2 per-unit profit by 2028, things might seem grim. But as an indicator of innovation from the overall audio space, it’s incredibly encouraging.Amazon previously reported that 25% of US households currently have at least one Alexa device. The primary uses of those devices is home automation, timers, and playing music and podcasts. Amazon, Apple, and Google all offer their own voice assistants through dedicated devices, phones, and more. And all three companies are increasingly active in both the podcast and music space. These devices won’t disappear anytime soon, but the rush in 2020 to build unique content specifically for smart speakers might have been a bit pre-emptive.In Podnews, https://podnews.net/article/facebook-partial-downloads—but only if the podcast hosting company isn't providing IAB-certified stats.Quoting James:"We think that when you see a podcast in your timeline, the Facebook app is pre-downloading a little bit of the audio file to work out how long the audio is, and to ensure that it’s got 30 seconds of audio ready so you can hit the play button and instantly listen to it. This is against IAB guidelines.This is a bad engineering decision by Facebook - it will cause unnecessary bandwidth use by its app, and will cost podcast hosting companies significant revenue in wasted traffic. It would be ideal if they’d confirm to the IAB standard, and only request audio files when a user has asked for them."Facebook is being a bad actor in this case for a couple of different reasons. Not doing proper fetch requests to IAB guidelines, as James points out, is one. But also is the fact that Facebook seems disinterested in engaging with podcast hosting companies or even podcasters on this initiative. Given the outsized influence Facebook has on... well, everything, a few well-placed strategic calls to some podcast media companies might have saved them this aggravation.
2021 was an incredibly rough year to look back on for many reasons. But in the adtech space, the fear of what comes next as we move away from third-party cookies and mobile device ID’s was particularly vexing . A good handful of adtech partners have put forth their best solutions for alternative identifiers, building quickly and getting significant buy-in, but according to DigiDay+’s research panel, nothing was resolved.https://digiday.com/media/heres-how-2021-went-for-publishers-in-five-charts/ point out that with over 50% of their panel still as concerned about the impact these changes will have to attribution and targeting. Even more surprising is that, with all of that concern “[d]espite nearly a year of testing, development and dealmaking, publishers remain about as worried about the end of the third-party cookie as they were at the beginning of 2021”, “[p]ublishers are twice as likely to be using alternate identifiers in none of their ads deals than they are to be using them for a majority of their deals.”While those changes don’t directly impact podcasting, a third chart highlights that contextual targeting, a mainstay of podcast advertising, is front and center for both agencies and advertisers in 2022. Focusing on contextual skips quite a few of the cookie and ID based problems whose solutions weren’t enticing enough to jump on, and lets CTV and podcasting shine, both of which have been seeing incredible growth.Writing in https://www.mediapost.com/publications/article/369782/ny-lawmaker-seeks-to-clamp-down that knowingly promote hateful, harmful, or medically fraudulent content posted on their platforms. And he's not alone.Quoting from the piece:"Hoylman isn't the only one attempting to control how social media companies handle users' speech. Earlier this year, Sen. Amy Klobuchar (D-Minnesota)https://www.mediapost.com/publications/article/365335/bill-seeks-to-strip-websites-of-protections-for-fa.html the “Health Misinformation Act,” which aims to discourage social media companies from promoting posts with false information about COVID-19. That measure would carve out an exception to Section 230 of the Communications Decency Act for users' posts with false health information, when those posts are algorithmically promoted during a national emergency."These laws face an uphill battle even if they do manage to pass, and some will likely be thrown out as unconstitutional. But these attempts seem to be chipping away at Section 230 of the Communications Decency Act. Section 230 certainly seems to be coming under fire, and it's revocation or rewriting could have significant impacts on how all media companies—including podcast media companies—manage the content housed on their services.And finally for this week, Neisen released some very interesting demographic-specific insights on podcast listener behavior in their https://www.nielsen.com/us/en/insights/report/2021/being-seen-on-screen. Podcast companies often look at blended average of all podcast consumers. But this survey shows clear differences and affinities for different groups, a reality that businesses marketing to or trying to reach these distinct podcast audiences should pay attention to.Quoting from thehttps://podnews.net/press-release/nielsen-podcasts-diversity:"[T]hese audiences want to hear from trusted voices with similar backgrounds or that have similar interests. Most importantly, the topics need to be inclusive and of interest—from credible sources with original voices. And as podcasts more authentically appeal to a wide range of audiences, brands and agencies can track engagement with them and leverage targeted opportunities within marketing strategies and campaigns."So your company has been taking a one-size-fits-all approach to reaching the average podcast consumer, 2022 is the time to course-correct.
The Download is brought to you by https://twitter.com/bryanbarletta and https://twitter.com/evoterra.See

This is The Download, the most important business news from the world of podcasting, I'm Bryan Barletta.
And I'm Evo Terra. Today, why premium content won't kill advertising-supported podcasts, Facebook podcast activity is over-inflated, Section 230 under fire, and why the "average" podcast consumer is a myth you need to move away from. Let's get started.
With Coca-Cola picking WPP to handle their nearly $4 billion in yearly ad spend, Business Insider ran down a list of 10 big brand accounts evaluating new agencies, from Nike to CVS Health. Their list, including Coca-Cola, covers over $7.5 billion in ad spend for next year.New agencies means new strategies. And new strategies include testing new channels, which is how many of these brands view podcasting. Podcast publishers and agencies will be the resources that enable these larger agencies and brands to buy direct podcasting ads at scale, while the adtech companies will further enable programmatic offerings directly in their tools of choice.In Mobile Insider from Media Post, Joe Mandese gives a counter opinion to what's been called The Great App Exodus, where advertisers—specifically in-app advertisers—are shifting away from ad revenue with a newfound focus on subscription revenue, particularly in a post-ATT world, or Apple Tracking Transparency.Quoting from the article:"[C]onsumers have already taken on vastly higher costs of premium media subscriptions -- especially subscription video-on-demand and music services -- over the past several years, and there is only so much they can bear.In fact, over the past couple of decades, consumers have surpassed advertisers as the primary source of media revenues, and according to estimates from industry economic tracker PQ Media, the average American now pays close to $1,500 annually accessing media and media content. How much more can they take?"So what does this have to do with podcasting, you're probably asking. Well, with both Apple and Spotify leaning heavily into paid subscription models, and other premium services from Glow, Supercast, Acast+ and more continuing to explore premium, ad-free offerings, costs to subscribe to premium or ad-free podcast feeds eats into that annual subscription budget. Which means free, ad-supported podcasts will likely remain the staple of podcast listening behavior for the foreseeable future.Bloomberg Businessweek got their hands on an internal Amazon document, the accuracy of which Amazon disputes, detailing slowed growth for their Alexa voice controlled smart speakers. Considering Amazon employs 10,000 people to work on Alexa and is attempting to move from a $5 loss per device sold in 2018 to a $2 per-unit profit by 2028, things might seem grim. But as an indicator of innovation from the overall audio space, it’s incredibly encouraging.Amazon previously reported that 25% of US households currently have at least one Alexa device. The primary uses of those devices is home automation, timers, and playing music and podcasts. Amazon, Apple, and Google all offer their own voice assistants through dedicated devices, phones, and more. And all three companies are increasingly active in both the podcast and music space. These devices won’t disappear anytime soon, but the rush in 2020 to build unique content specifically for smart speakers might have been a bit pre-emptive.In Podnews, James Cridland uncovers what he calls a coding bug in Facebook's on-page podcast player implementation that grossly inflates the number of counted downloads—but only if the podcast hosting company isn't providing IAB-certified stats.Quoting James:"We think that when you see a podcast in your timeline, the Facebook app is pre-downloading a little bit of the audio file to work out how long the audio is, and to ensure that it’s got 30 seconds of audio ready so you can hit the play button and instantly listen to it. This is against IAB guidelines.This is a bad engineering decision by Facebook - it will cause unnecessary bandwidth use by its app, and will cost podcast hosting companies significant revenue in wasted traffic. It would be ideal if they’d confirm to the IAB standard, and only request audio files when a user has asked for them."Facebook is being a bad actor in this case for a couple of different reasons. Not doing proper fetch requests to IAB guidelines, as James points out, is one. But also is the fact that Facebook seems disinterested in engaging with podcast hosting companies or even podcasters on this initiative. Given the outsized influence Facebook has on... well, everything, a few well-placed strategic calls to some podcast media companies might have saved them this aggravation.
2021 was an incredibly rough year to look back on for many reasons. But in the adtech space, the fear of what comes next as we move away from third-party cookies and mobile device ID’s was particularly vexing . A good handful of adtech partners have put forth their best solutions for alternative identifiers, building quickly and getting significant buy-in, but according to DigiDay+’s research panel, nothing was resolved.Two of the five charts in their end of year wrap up point out that with over 50% of their panel still as concerned about the impact these changes will have to attribution and targeting. Even more surprising is that, with all of that concern “[d]espite nearly a year of testing, development and dealmaking, publishers remain about as worried about the end of the third-party cookie as they were at the beginning of 2021”, “[p]ublishers are twice as likely to be using alternate identifiers in none of their ads deals than they are to be using them for a majority of their deals.”While those changes don’t directly impact podcasting, a third chart highlights that contextual targeting, a mainstay of podcast advertising, is front and center for both agencies and advertisers in 2022. Focusing on contextual skips quite a few of the cookie and ID based problems whose solutions weren’t enticing enough to jump on, and lets CTV and podcasting shine, both of which have been seeing incredible growth.Writing in MediaPost's Social Insider, Wendy Davis covers a bill by New York State Senator Brad Hoylman that allows for legal action to be taken against media sites that knowingly promote hateful, harmful, or medically fraudulent content posted on their platforms. And he's not alone.Quoting from the piece:"Hoylman isn't the only one attempting to control how social media companies handle users' speech. Earlier this year, Sen. Amy Klobuchar (D-Minnesota) introduced the “Health Misinformation Act,” which aims to discourage social media companies from promoting posts with false information about COVID-19. That measure would carve out an exception to Section 230 of the Communications Decency Act for users' posts with false health information, when those posts are algorithmically promoted during a national emergency."These laws face an uphill battle even if they do manage to pass, and some will likely be thrown out as unconstitutional. But these attempts seem to be chipping away at Section 230 of the Communications Decency Act. Section 230 certainly seems to be coming under fire, and it's revocation or rewriting could have significant impacts on how all media companies—including podcast media companies—manage the content housed on their services.And finally for this week, Neisen released some very interesting demographic-specific insights on podcast listener behavior in their Seen on Screen 2021 study. Podcast companies often look at blended average of all podcast consumers. But this survey shows clear differences and affinities for different groups, a reality that businesses marketing to or trying to reach these distinct podcast audiences should pay attention to.Quoting from the press release published on Podnews:"[T]hese audiences want to hear from trusted voices with similar backgrounds or that have similar interests. Most importantly, the topics need to be inclusive and of interest—from credible sources with original voices. And as podcasts more authentically appeal to a wide range of audiences, brands and agencies can track engagement with them and leverage targeted opportunities within marketing strategies and campaigns."So your company has been taking a one-size-fits-all approach to reaching the average podcast consumer, 2022 is the time to course-correct.
The Download is brought to you by Bryan Barletta and Evo Terra.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

We got such good feedback a few days ago that we decided to test the waters again with another pilot (co-pilot?) episode of The Download. Just in time for Christmas! If you love it, send us a note!Matt Deegan examines Global's acquisition of podcast hosting platform Captivate. In particular, he notes how Captiave's hosting solution fills a much-needed gap in Global's offering, and how their audio advertising business—DAX—should integrate nicely, giving the company "full-stack" capabilities., comparing and contrasting that acquisition to the other podcasting-related business and services Global has acquired.Quoting from the piece:"Captivate definitely fills a hole, as Global have lacked their own platform for managing the hosting of their podcasts. Up to now they mainly seem to have been using Spreaker, which was acquired by Voxnest, which was snaffled by iHeartMedia last year."DAX has been spending some time over the past couple of years owning the end-to-end technology around digital audio. Its streaming ad platform was originally built on top of Adswizz’s server, that’s now been replaced by their own in-house tech and Captivate gives them another chunk of the tech stack.Expect to see more as Global's integration of Captivate, DAX, and Remixd continues in the coming months.Full disclosure, Evo was an advisor to Captivate up until their acquisition by Global.Spotify opened Pod City, an on-location recording and production facility as part of their newly opened LA campus. The company's choice to invest in on-site capabilities for an industry that continues to rely on remote work and distributed teams seems odd.Quoting from Wendy Lee's article in the Los Angeles Times:"Beyond centralizing its podcasting business in one place, the new Los Angeles operation allows Spotify to reduce the costs of paying outside vendors, attract and nurture new talent, and produce more original shows that it can own and distribute."At least two production houses owned by Spotify, The Ringer and Parcast, are located in Los Angeles.In late November 2021, Spotify's CEO Paul Vogel said the company had earmarked $3.5 billion to spend on expansion, with an emphasis on podcasting. Will a shiny new building attract higher-profile shows to join Spotify? And if more podcast studios are built by other powerhouses, does this signal a shift away from the remote-work nature we've grown accustomed to in podcasting?The Verge The article which we’ve linked in the episode description is still being updated, but outside of major companies with a podcasting presence like Amazon, Google, Meta, and iHeartRadio confirming they won’t be attending, a substantial portion of the tech media has also decided to opt out as well, including The Verge. Before you hop on your flight to Vegas in just under two weeks, you might want to make sure any meetings you've scheduled are still on. Sean Hollister of provided extensive coverage of cancellations from major companies for CES 2022.they made the unpopular decision to cancel lifetime accounts for their service. But then on Tuesday, Podnews reported an abrupt about-face. Podcast hosting company bCast found themselves in hot water of their own making this week, when purchased via AppSumo, according to Podnews on Monday.Quoting from founder Tom Hunt's social media post:'After further discussion and feedback... we have decided to cancel the "cut off" and will continue to support all lifetime accounts as per the original terms. I understand that our original note from Thursday was misguided, irresponsible, and in short: a mistake. We will look to boost revenue from new subscribers, cut costs, and look for other routes of funding."Podcasters are notoriously cash-conscious. And they tend to have long memories. Keep that in mind before you start looking for creative ways to increase your MRR.Marketing Brew In , Ryan Barwick covers the digital ad industry's inability to hire fast enough. Barwick notes that as of December 17th, Roku had 750 openings, The Trade Desk had 572 openings, Criteo had 319 openings and Google had 10,224 openings on LinkedIn.With advertising and adtech continuing to grow in the podcast industry as well, almost all companies are actively hiring for nearly all positions to cover both new growth and attrition. Reading the People category in Podnews every day shines a spotlight on an incredibly painful issue we’re facing; we keep poaching from within the space instead of hiring from outside and training up.The easiest thing to teach while onboarding someone into the podcast industry is the podcast industry itself. As an industry, we need to do better, and if you’re interested in collaborating on a project to fix that, reach out to me. [email protected]The Download is brought to you by Bryan Barletta and Evo Terra.

We got such good feedback a few days ago that we decided to test the waters again with another pilot (co-pilot?) episode of The Download. Just in time for Christmas! If you love it, send us a note!
Matt Deegan examines Global's acquisition of podcast hosting platform Captivate In particular, he notes how Captiave's hosting solution fills a much-needed gap in Global's offering, and how their audio advertising business—DAX—should integrate nicely, giving the company "full-stack" capabilities., comparing and contrasting that acquisition to the other podcasting-related business and services Global has acquired.
Quoting from the piece:
Captivate definitely fills a hole, as Global have lacked their own platform for managing the hosting of their podcasts. Up to now they mainly seem to have been using Spreaker, which was acquired by Voxnest, which was snaffled by iHeartMedia last year.DAX has been spending some time over the past couple of years owning the end-to-end technology around digital audio. Its streaming ad platform was originally built on top of Adswizz’s server, that’s now been replaced by their own in-house tech and Captivate gives them another chunk of the tech stack.
Expect to see more as Global's integration of Captivate, DAX, and Remixd continues in the coming months.
Full disclosure, Evo was an advisor to Captivate up until their acquisition by Global.
Spotify opened Pod City, an on-location recording and production facility as part of their newly opened LA campus.The company's choice to invest in on-site capabilities for an industry that continues to rely on remote work and distributed teams seems odd.
Quoting from Wendy Lee's article in the Los Angeles Times:
Beyond centralizing its podcasting business in one place, the new Los Angeles operation allows Spotify to reduce the costs of paying outside vendors, attract and nurture new talent, and produce more original shows that it can own and distribute.
At least two production houses owned by Spotify, The Ringer and Parcast, are located in Los Angeles.
In late November 2021, Spotify's CEO Paul Vogel said the company had earmarked $3.5 billion to spend on expansion, with an emphasis on podcasting. Will a shiny new building attract higher-profile shows to join Spotify? And if more podcast studios are built by other powerhouses, does this signal a shift away from the remote-work nature we've grown accustomed to in podcasting?
The Verge The article which we’ve linked in the episode description is still being updated, but outside of major companies with a podcasting presence like Amazon, Google, Meta, and iHeartRadio confirming they won’t be attending, a substantial portion of the tech media has also decided to opt out as well, including The Verge. Before you hop on your flight to Vegas in just under two weeks, you might want to make sure any meetings you've scheduled are still on.Sean Hollister of provided extensive coverage of cancellations from major companies for CES 2022.
they made the unpopular decision to cancel lifetime accounts for their serviceBut then on Tuesday, Podnews reported an abrupt about-face.Podcast hosting company bCast found themselves in hot water of their own making this week, when purchased via AppSumo, according to Podnews on Monday.
Quoting from founder Tom Hunt's social media post:
After further discussion and feedback... we have decided to cancel the "cut off" and will continue to support all lifetime accounts as per the original terms. I understand that our original note from Thursday was misguided, irresponsible, and in short: a mistake. We will look to boost revenue from new subscribers, cut costs, and look for other routes of funding."
Podcasters are notoriously cash-conscious. And they tend to have long memories. Keep that in mind before you start looking for creative ways to increase your MRR.
Marketing BrewIn , Ryan Barwick covers the digital ad industry's inability to hire fast enough.Barwick notes that as of December 17th, Roku had 750 openings, The Trade Desk had 572 openings, Criteo had 319 openings and Google had 10,224 openings on LinkedIn.
With advertising and adtech continuing to grow in the podcast industry as well, almost all companies are actively hiring for nearly all positions to cover both new growth and attrition. Reading the People category in Podnews every day shines a spotlight on an incredibly painful issue we’re facing; we keep poaching from within the space instead of hiring from outside and training up.
The easiest thing to teach while onboarding someone into the podcast industry is the podcast industry itself. As an industry, we need to do better, and if you’re interested in collaborating on a project to fix that, reach out to me. [email protected]
The Download is brought to you by Bryan Barletta and Evo Terra.

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