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Sounds Profitable - Roll With The Changes

Roll With The Changes

04/29/22 • 11 min

4 Listeners

Sounds Profitable
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undefined - How Is Podcast Adtech Different From All Other Adtech?

How Is Podcast Adtech Different From All Other Adtech?

Today on the show, Bryan Barletta speaks with Conor McKenna, director at LUMA Partners. They discuss how adtech in podcasting applies to adtech in other adtech-led companies. Listen in to learn about:

  • How we're still in the early days of building technology specifically made for podcasts
  • How we need to build software that makes the process of buying and selling ads more seamless
  • How we need better attribution technology because downloads aren't enough
  • Why Conor recommends that publishers build out other content channels beyond podcasting
Here’s our favorite idea from this conversation: Bryan and Conor don't agree about everything. And it makes for some interesting takeaways! Links: Credits: See omnystudio.com/listener for privacy information.

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undefined - Warner Music Launches A Podcast Network + 3 more stories for April 29, 2022

Warner Music Launches A Podcast Network + 3 more stories for April 29, 2022

ICYMI: Warner Music launches a podcast network, Spotify weathers the storm, and personnel changes at Edison Research. Warner Music Group is dipping its toes into podcasting with its first network: Interval Presents. The new network’s slate promises a variety of content lead by popular musicians and celebrities who work with WMG. “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.” WMG Senior VP of Digital Strategy & Business Development Allan Coye has stepped into the role of General Manager of Interval Presents content. CDO and EVP of Business Development Oana Ruxandra set the tone for what Interval Presents intends to accomplish. She says, “There’s a hunger for more inclusive and authentic podcast content and, with Allan leading the charge, we’re thrilled to launch an audio platform that will connect with this growing audience and spotlight a breadth of voices and perspectives.” While this might initially look like simply another company jumping into the field of celebrity podcasts, that itself is enough to help grow the industry. With more celebrity-hosted podcasts comes a higher chance of graduating those who only listen to music into full-fledged podcast listeners who seek out content beyond their initial introduction, be it with a Jason Derulo-hosted fiction podcast or a Lupita Nyong’o series on African diaspora. --- This week Spotify’s Q1 numbers became the subject of much discussion as they became public. On Wednesday Bloomberg’s Ashley Carman published “Spotify Tumbles as Investors Question Podcast Investments.” “Spotify Technology SA has spent more than a billion dollars in an effort to become the No. 1 name in podcasting, but investors’ patience is wearing thin on how much that will cost.” Carman’s article paints a cloudy sky for the big green dot with investors getting antsy at the amount of money invested in podcasting intended for long-term growth over short-term returns, including a gross margin of 25.2% that falls short of the 30 to 40% target. That said, both paid subscriptions and unpaid ad-supported users are up despite locking out Russian users and much-publicized Joe Rogan backlash. Sarah Perez writes for a TechCrunch article on the same subject this Wednesday:
“Despite losing 1.5 million users in Russia, Spotify’s premium subscribers grew 15% year-over-year in the first quarter to reach 182 million, largely in line with analyst estimates. Ad-supported users, meanwhile, grew 21% to reach 252 million.”
The #deletespotify movement, sparked by a transphobic conversation in his latest Jordan Peterson interview, a history of COVID-19 disinformation, and a compilation of him saying a racial slur lead to musicians and podcasters alike pulling their content from Spotify or threatening to cancel contracts. As Sarah Perez reports: “But app store data at the time indicated rival streaming apps were not getting a boost from this latest PR headache, as Spotify’s app had continued to see millions of weekly downloads — a significantly larger figure than its nearest rivals — even amid the #deletespotify campaign on social media.” That lack of attention to rival apps likely stings especially hard for Neil Young, a figurehead of the Rogan backlash who pulled all of his music from Spotify in protest of Rogan’s COVID disinformation. Young, a vocal critic of low-quality MP3 streaming on services like Spotify, also happened to be releasing high-quality versions of his discography on Amazon Music shortly after the much-publicized stunt. As with all things, Spotify’s growth remains a complicated beast. Subscribers are up, stock value is down, all while successfully weathering a weeks-long PR storm. --- Last Thursday Spotify dropped an article on their official blog announcing Spotify’s big entrance into video podcasting. Quoting the article, “Last fall, Spotify began activating Video Podcasts for creators on a limited basis. Since then, we’ve found that podcasters love having the option to accompany their audio with visual components, and fans love having the opportunity to more deeply connect with the content.” As of Thursday creators in the US, Canada, New Zealand, Australia, and the UK gained access to the feature, as well as a hand...

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