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
This Rumor Fact(ory) comes from Bloomberg, which reports unnamed sources saying that the Obamas will not renew their deal with Spotify on behalf of their podcast creation company Higher Ground. The Obamas are being courted by iHeartMedia and Amazon/Audible, according to those insiders. Continue Reading
Spotify has dropped an interactive graphic website which presents statistics promoting Spotify’s value (and the value of streaming music generally) to musicians at many levels. Up top, Spotify notes that it has paid over $30-billion in royalties to the music industry as a whole, including $7-billion last year. Following that is an interactive card deck, called Top 10 Takeaways,” which highlights selected payout metrics. And there is much more. Click for illustrations and a link. Continue Reading
Some buzz has developed around the idea of Spotify taking interest in NFTs. The evidence for this seems to come mainly from job listings that mention web3, the buzzword for cutting-edge online trends that include meta environment, blockchain decentralized ownership of digital things, and NFTs. Click for details and speculation. Continue Reading
When Spotify acquired Chartable and Podsights last month, it was clearly stated that Chartable would be integrated with Spotify-owned hosting and monetization platform Megaphone. Today we learn of progress in that integration. Chartable is winding down its attribution work and throwing it over to former competitor Podsights. Continue Reading
Spotify has announced what is, by our count, the third Sound Up program of podcast creation mentoring. This time the field is Kids & Family shows that will compete. At stake is what the company describes as “an immersive week of in-person training at our Spotify offices in Los Angeles, to be followed by a series of virtual workshops and classes, and finally production of a podcast pilot episode.” Click through for lots of detail. Continue Reading
In an ambitious and consequential grab, Spotify has acquired two pillars of podcast advertising attribution, Chartable and Podsights. The additions fortify Spotify’s inceasingly formidable podcast tech stack, at the center of which is the Megaphone hosting and ad-tech platform. Continue Reading
While the Joe Rogan controversy appeared to push SPOT stock sharply downward this week, the company’s reported Q4 2021 financials (released earlier this week) draw a less troubled picture with lots of green ink. Click through for a simple breakdown of quarterly and annual comparisons in user growth and revenue growth. Continue Reading
Spotify released quarterly earnings last night. In the investor call, the Q&A session began as many observers probably guessed it would: “Our first question today is going to come from Rich Greenfield on Joe Rogan.” CEO Daniel Ek treated it as a non-emergency, with careful answers. Meanwhile, podcasting contributed to higher gross margins. Continue Reading
Spotigate? Roganomics? Today we learn that Spotify and its headline podcaster Joe Rogan are maneuvering to get in front of apparent accelerating damage resulting from a recent episode of The Joe Rogan Experience which created public outcry over statements about Covid vaccines. Spotify CEO Daniel Ek clarified and disclosed; Rogan apologized and promised. Click for more. Continue Reading
The latest turn in the Neil Young vs. Joe Rogan drama on Spotify shifted from a musician to a star podcaster on Saturday afternoon when Dr. Brene Brown announced on Twitter that she would cease production on her two Spotify-exclusive podcasts, Unlocking Us and Dare to Lead. Continue Reading
Spotify has acquired Australian podtech company Whooshkaa. The company says it will integrate Whooshkaa’s platform technology into Spotify subsidiary Megaphone. One important piece of that technology is an easy way for radio broadcasters to turn their content into on-demand podcasting. Continue Reading