One interesting aspect of these acquisitions is whether the podcasts will become Spotify exclusives, or whether they'll be able to be distributed elsewhere too. Spotify has hosted podcasts on its platform since 2015 and has already produced original podcasts, working with celebrities such as comedian Amy Schumer.
We are building a platform that provides a meaningful opportunity for creators, excites and engages our users, and builds an even more robust business model for Spotify in an industry we believe will become significantly larger when you add Internet-level monetization to it. But the deals for Gimlet, a producer of podcasts, and Anchor, a services company, signal the medium has progressed from a hobby to a key focus for Spotify.
"While podcasting is still a relatively small business today, I see incredible growth potential in this space", Ek said on a call with investors Wednesday morning. During its last round of funding in 2017, Gimlet was valued at about $70 million.
LA Clippers trade Tobias Harris to loaded Sixers
The 6-foot-9, 235-pound Harris can score from nearly anywhere - he's a threat from 3, from mid-range and driving to the basket. Coach Brett Brown refused to commit before Tuesday's win over Toronto that Fultz would be part of the playoff rotation.
The amount Spotify is looking to spend on podcast companies is greater than a year of for the entire podcasting market. Spotify now considers itself the second biggest podcasting platform in the world, behind Apple.
Either way, it seems that podcasts are coming back in force. Gimlet is known for producing the podcast "Homecoming", a fictional thriller, which was made into an Amazon series starring Julia Roberts. Anchor will bring its platform of tools for podcast creators and its established and rapidly growing creator base.
The acquisitions may also help reduce the money that Spotify pays to labels by cutting its music-streaming fees, some analysts said. "We look forward to continuing to empower creators all over the world to build an audience, generate revenue, and most importantly, have their voices heard".
"We believe it is a safe assumption that, over time, more than 20% of all Spotify listening will be non-music content", said Ek, who expects the move to "meaningfully accelerate [Spotify's] path to becoming the world's leading audio platform". Therefore, if the service can get more people to listen to a higher number of podcasts, maybe it can even become the world's largest.
Nantes demand Sala transfer fee from Cardiff
Wreckage from the Piper Malibu was discovered in the English Channel this week after a privately-funded search began. According to BBC Wales, Nantes have given Cardiff a 10-day ultimatum over the first payment of five million euros.
By 2100, oceans would become more greener and bluer
This change could have consequences, for example for fisheries and also on the ability of the ocean to take up carbon dioxide. Thus, more quantity of phytoplankton , lesser the blue color in the sea and more of green shaded water.
Woman killed by foul ball at Dodgers game in August
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Atlanta United sign Florentin Pogba on free transfer
Imagine a world where Mourinho won, where Mourinho got his way. "We are very happy, everyone feels free". Arsenal and PSG, who take on United in the Champions League next week, have been keeping tabs on Bailly.