Sounds Profitable

Spotify Cuts 1,500 Jobs, CEO Ek Says Streamer Must Be Leaner by Lucas ShawDeloitte: Audio Market To Surpass $75 Billion In 2024.Libsyn Unveils November 2023 Podcast Advertising Rates, and 5 Developments to Watch in 2024…as for the rest of the news: NPR hires former Gimlet executive editor Collin Cambell to oversee podcast strategy, PodPod reports the BBC is investing more in podcasting as part of a digital pivot, Marketing Brew examines why advertisers are excited about attention metrics, and Horizon Media has outlined 10 Gen Z subcultures for marketers to think about when targeting campaigns.

Here's what you need to know from this week in the business of podcasting: RAJAR: UK Podcast Weekly Reach Has Doubled Since 2017Ad Revenue Growing Faster Than ExpectedPodcast Guesting Drives Defector SubscriptionsBranded Podcast Enables Better Coverage, Connection With FansQuick Hits:Putting Success In Your Way With Video by Tom Webster. With the growth of video podcasting, it’s time to re-examine how podcasting thinks about audiences watching podcasts instead of listening. Tom Webster breaks down the differences, and how the two aren’t mutually exclusive.Age of Audio: A Tale of Modern Audio Storytelling. Podcast producer Ronald Young Jr. has published a trailer and IndieGoGo campaign to fund the completion of a documentary about the evolution of narrative audio in podcasting, featuring interviews with notable podcasters like Ira Glass, Avery Trufelman, and our very own Tom Webster. How audience-first creative is amplifying audio and video campaigns for 2024 by Alex Donics. Spotify’s global director of demand marketing talks through the power of effective advertising and highlights the key ingredient of a well-produced, authentic ad creative. Realm & IGN Strike Podcast Deal Including Scripted Adaptation Of Justin Roiland Videogame ‘High On Life’ From Squanch Games by Peter White. Audio fiction production company Realm has signed a deal with IGN to produce podcasts based on video game IP. Given the size and connections of IGN, this could lead to a whole new niche of licensed audio fiction based on video games. New Podcast Audience Profiles Now Available for Publishers in the Australian Podcast Ranker. Triton Digital and Commercial Radio & Audio have announced new podcast audience profiles are now available with the launch of Podcast Metrics Demos+

Here's what you need to know for today in the business of podcasting: Strong online sales show Black Friday was an ‘omnichannel event’ by Alex VuocoloAd revenue is growing faster than expected, per analyst by Ryan BarwickDigiday+ Research: Publishers’ programmatic revenue didn’t shake out the way they’d hoped, but it’s still a bright spot How audience-first creative is amplifying audio and video campaigns for 2024 by Alex Donics…as for the rest of the news: The trailer and IndieGoGo campaign for Age of Audio: A Tale of Modern Audio Storytelling are now live (spoiler alert: Sounds Profitable’s own Tom Webster makes an appearance), Magellan AI has published their October 2023 top movers and shakers in podcast advertising, and AdExchanger proposes programmatic CTV is in its ‘consolidation phase’ (a phase podcasting has already experienced and matured from).

Here's what you need to know for today in the business of podcasting: Podcasting’s Multiplatform Imperative by Steven GoldsteinInnovid study examines impact of measurement and optimization gaps across CTV campaigns by Antoinette SiuGoogle’s Search Partner network comes under fire in research underlining brand safety vulnerabilities by Ronan ShieldsWhy Chili’s brought back its baby back ribs jingle by Alyssa Meyers…as for the rest of the news: MediaPost reports the ad market has grown for its fourth consecutive quarter, the 2023 edition of Spotify Wrapped is here, Signal Hill Insights’ Jeff Vidler discusses what makes podcasts a unique ad medium, and we’ve got a bushel of Apple charts: Podnews has aggregated the top Apple Podcasts show around the world, and Adam Bowie breaks down the U.S. top Apple chart to compare it to similar rankings from other sources.

With the growth of video podcasting, it’s time to re-examine how podcasting thinks about audiences watching podcasts instead of listening. Tom Webster breaks down the differences, and how the two aren’t mutually exclusive.

Sounds Profitable: Narrated Articles is a production of Sounds Profitable. For more information, visit soundsprofitable.com.

Here's what you need to know for today in the business of podcasting: Auddia Announces Intent to Strip Ads From PodcastsDigital audio ad spend in Australia up 16.2% September quarter 2023Realm & IGN Strike Podcast Deal Including Scripted Adaptation Of Justin Roiland Videogame ‘High On Life’ From Squanch Games by Peter White…as for the rest of the news: Apple shares the most popular podcasts of the year, and Adam Bowie takes a look at the RAJAR Midas report.

Here's what you need to know for today in the business of podcasting: Rajar Midas: podcasts double weekly reach in six years by Ella SagarThe shifts that will impact 2024’s video ad landscape by Jennifer KingDefector Annual Report, September 2022 – August 2023How Trader Joe’s, Erewhon, and H-E-B, have cultivated a cult following Women more disengaged with news than men…as for the rest of the news: The Podcast Show 2024 is now accepting session and speaker submissions until Friday, December 8th (and in case you were wondering: Sounds Profitable will be in attendance), Livewire Labs has published an in-depth analysis of the impact of auto-download changes to Apple Podcast in iOS 17, and AdNews interviews Spotify’s head of sales for Australia and New Zealand.

Here's what you need to know for today in the business of podcasting: A secret Google deal let Spotify completely bypass Android’s app store fees by Adi Robertson and Sean HollisterBrand safety concerns mount as X (formerly Twitter) pulls out of MRC audit by Krystal ScanlonNewsGuard’s Whitelist Of Ukrainian Publishers Aims To Combat Wartime Misinformation by Anthony VargasRoku And Unity Want To Prove CTV Is A Performance Channel by Alyssa BoyleWorking From Home Spurs Ad Block Rates to Rise by Trishla Ostwal…as for the rest of the news: SiriusXM Media SVP and Head of Ad Innovation Lizzie Widhelm is on the latest Digiday Podcast, and PodPod has signed Spotify as a headline partner for their Podcast Advertising Summit, set to take place in London on January 25th.

Here's what you need to know for today in the business of podcasting:Forecast: Double-Digit Online Ad Growth For Both 2023 And 2024.Spotify Audience Network expands to five new global markets by Reem MakariSystem1: New Study Reveals How Audio Personalities Drive Advertising Effectiveness by Pierre BouvardAmazon joins pack offering deals a week ahead of Black Friday by Alex VuocoloCost of living is squeezing the entertainment budgets of Australians…as for the rest of the news: JAR Audio breaks down why podcasts should be guided by engagement instead of conversions, SoundCast is deepening ties between audio and mobile gaming advertising, and Pew Research Center finds Americans favor digital for news while print is at an all-time low.

Here's what you need to know from this week in the business of podcasting: The Spoken Word Audio Report 2023YouTube Debuts New AI Content PoliciesSaving TikTok Songs to Spotify With New IntegrationAd Engagement Declines With Lack of RepresentationQuick Hits:

Spotify’s podcast and audiobook discovery will get a boost from Google Cloud’s AI by Amrita Khalid. Google Cloud’s Large Language Models will be used to scan all podcasts and audiobooks on Spotify to improve metadata and discoverability. 

Podcasting Lessons From Dogs by Tom Webster. This week Tom reflects on why podcasts with multiple hosts need an Abbot to their Costello. A traffic cop to direct the flow of conversation when need be.

How I got 10x YouTube subscribers by adding video to my podcast by Ashley Hamer. A step-by-step account of Hamer adding video production to her existing podcast Taboo Science and how optimizing her YouTube channel boosted YouTube algorithm attention. 

Sound You Can See: Podcasting’s Video Dilemma. On Wednesday, December 13th, Sounds Profitable will debut their latest study, which dives into consumer perceptions of podcasts on video and how they continue to drive the future of this medium.

Global signs exclusive podcast distribution and licensing deal with iHeartMedia by Reem Makari. iHeartMedia podcasts will be distributed on the Global Media app in the UK and Ireland, while Global podcasts will be distributed in the U.S. on iHeartRadio’s app, along with iHeartMedia monetization. 

Triton Podcast Ranker: October 2023. 48 Hours climbs two spots to enter the top 10 in 9th place, pushing Conan Needs a Friend down to #10.