Riverside, the remote video production platform increasingly used by audio podcasters, has completed a $35-million fundraising round. The investment is led by Oren Zeev (early investor in Audible and many other startups). The funding windfall comes days after the announcement of a high-level partnership with Spotify. Continue Reading
Spotify slightly missed its MAU (monthly average user) growth for the first quarter in an insistently upbeat investor call. No matter how the analysts received it, the public stock dropped to its lowest level ever, dipping below the IPO opening… Continue Reading
Spotify released its quarterly inancials for Q1 today, revealing a four percent month-over-month growth of monthly active users (MAUs), from 406-million to 422-million. Those numbers include both parts of Spotify’s platform model: paying subscribers and non-paying listeners who hear ads. Continue Reading
Warner Music Group (WMG) today unveiled its new podcast network, Interval Presents, which will produce multi-format, culture-forward audio content at the intersection of music, pop culture, and social impact. The initiative marks the first major music label to follow in Sony Music’s lead; Sony entered the podcast arena five years ago in May, 2017. Click for show details. Continue Reading
Industry group Podcast Taxonomy was founded in January 2021 (see RAIN coverage HERE), serving to define roles and responsibilities in podcast creation. Today we learn of updates. Nine new roles have been added to the group’s definitional whitepaper. Click to see them, plus new “also known as” titles. Continue Reading
Triton Digital has added a new component to its sprawling reportage of podcast downloads and podcast network success in major markets around the world, launching the Canada Podcast Report. Total downloads of all shows by participating publishers in the month of March is 13.8M. Click for more details. Continue Reading
Jottings of Note
— Retirement (Ad Results Media)
— Best (Triton Digital)
— Playpods (Apple)
In this week’s guest column, James reviews the newly launched TalkTV to start. It went well until technical problems interrupted a call-in critical of the show. “As a way to run TV and radio output as one service, it works very well,” James says. Then, the BBC fixes technical problems with its Radio 4 interviews. And more.
Continue Reading
In its US Podcast Advertising 2022 Report released yesterday, eMarketer projects podcast ad spending to reach $1.7B this year, and $2.2B next year on its way to $2.6B in 2024. Continue Reading
AudioValley, parent company of digital audio tech platform Targetspot and venerated streaming app Winamp, has released annual financials for full year 2021. Targetspot represents 92% of the company’s revenue. Continue Reading
Jottings of Note
— The Moms (Edison Research)
— Les Mots (Deezer)
— Home Run (Fresh Air Production)
Two weeks ago global podcast company Audioboom disclosed its Q1 financials, reporting triple-digit revenue gain and double-digit podcast download gain. Today we see Audioboom’s full-year reporting of 2021 financials, where the success story gains more breadth. Click through for tons of detail. Continue Reading