Stockholm-based Spotify announced its Q2 2022 financial performance yesterday, beating its guidance on all key measures except gross margin and profitability, with global Monthly Active Users up 19% year-over-year (from 365 million to 422 million listeners), and quarterly revenues up… Continue Reading
Australia-based futurist and noted public speaker James Cridland poses an intriguing question on his Podnews website this week, speculating that the late comedian and actor Robin Williams may deserve credit for being the world’s first podcaster. Cridland’s argument is based… Continue Reading
News emerged yesterday that Spotify has discontinued production of its Car Thing product — the company’s first hardware device, launched only five months ago and marketed as a way to achieve more convenient listening to Spotify in automobiles. Spotify is… Continue Reading
Disney-owned ABC News announced yesterday that it has promoted its Manager of Digital Audio, Josh Cohan, to Director of Podcast Programming for ABC News. In this role, he will help develop and execute the content strategy for the division’s podcast… Continue Reading
Almost certainly the highest cost line item for U.S. music-based online radio services is the royalty that such services pay for rights to the sound recordings they play, with those rates set every five years in a tribunal conducted by… Continue Reading
Resound, a new editing app that uses AI to automatically removes stuttering and pauses from podcasts, has announced that it has raised $1.35M in pre-seed funding. Their website explains, “A boutique podcast production company in Louisville, KY by the name… Continue Reading
From today’s press release: Acast, the world’s largest independent podcast company, has signed an agreement to acquire Podchaser, the world’s most comprehensive and authoritative podcast database. The planned acquisition brings together two champions of the open podcast ecosystem, strengthening and… Continue Reading
Two more executives at Rogers-owned Pacific Content, which produces branded podcasts for a portfolio of North American brands — Director of Audience Development Dan Misener and Head of Strategy Jonas Woost — announced their departure last week. They follow the… Continue Reading
Using recent data from Podsights, Edison Research, and Nielsen, Westwood One exec Pierre Bouvard has issued a new report making a case for podcast advertisers to spread their ad buys across a greater number of podcasts to increase their campaign… Continue Reading
Despite economic uncertainty, podcast CPMs held steady in June 2022 among Advertisecast’s portfolio of about 3,000 measured podcast clients, according to a recently-released company report. Dave Hanley, Chief Revenue Officer at Libsyn’s AdvertiseCast noted, “The average CPM for an ad… Continue Reading
Royalty collection and distribution agency SoundExchange announced this week (press release here) that is has filed suit in the United States District Court for the Central District of California against Slacker, Inc. and its parent company LiveOne, Inc. to recover… Continue Reading
Podcast listening among Canadians hits a new high for weekly and monthly habits, according to The Infinite Dial 2022 Canada from Edison Research and Triton Digital, 43% percent of Canadians 18+ listen to podcasts monthly, up from 38% in 2021, which RAIN calculates is… Continue Reading