Episode 74 · 7 months ago
Deep dive into industry reactions to the Rogan Spotify experience, including Apple, Amazon, and YouTube moves.
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First up, Joe Rogan really shook up the podcast industry with his recent Spotify licensing deal rumored to be between 100 and 200 million dollars. The Joe Rogan Experience is still available to everyone until September, when it will become a Spotify exclusive, meaning only Free and Premium Spotify users can listen (and watch). Yes, his videos are leaving YouTube too. Spotify randomly tested video podcasts early in May, seemingly to make sure everything runs smoothly for Rogan’s onboarding. YouTube is understandably irked by losing Rogan’s channel with 8.5 million subscribers and is readying a full launch of something called YouTubeMusic.
It looks like a few other audio technology giants are looking to stake their claim in podcast exclusivity. Apple is ramping up its push into original podcasts mainly to support its TV and movie titles, reports Bloomberg. “(QUOTE) In the industry, podcast producers are waiting for Apple to put more of its money into the medium. So far, it’s just dipping its toe into original podcasts -- nothing like the massive bet that Spotify is placing on the category (UNQUOTE),” writes Bloomberg reporters.
Amazon is also said to be adding podcasts to its digital storytelling vertical, Audible. According to Bloomberg, Audible has already purchased shows from documentary producer John Battsek and comedians Kevin Hart and Tiffany Haddish. The acquisitions are part of a new multimillion-dollar “shopping spree” to help establish Audible as a destination for podcast fans (and fend off growing audio-storytelling competition like Spotify).
Leaders in the podcast industry have a lot of opinions. Some say the Rogan-Spotify deal is detrimental to podcasting. Some say it’s positive. Ashley Carmon of The Verge writes, “(QUOTE) There’s never been a single podcasting company that sells ads, makes shows, has an already-popular podcast player, and offers the tools to make new series…. Podcasting was once equal across all platforms, but it now seems like there will be two podcast worlds: Spotify versus everybody else. (UNQUOTE).”
Podcast Consultant Brett Johnson has a positive take. He says, “(QUOTE) It shows the amount of money that is moving into this industry to compensate talent. It also opens opportunities for podcasters. JRE moving from an open-source RSS leaves a void that will be filled with new talent (UNQUOTE).” A lot is changing in the podcast space, but there’s one thing we can agree on: it’s growing....
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It’s Friday August 2nd. Welcome to This Week In Podcasting where we discuss this week's podcasting news and tips, all in under 10 minutes. This episode is provided by Sounder.fm, the Smartest way to Podcast. Let’s get started.
According to the MIDAS Audio survey, 92% of the UK respondents said they listen to a podcast alone. Of these, 45% said they listen to a podcast at home while 21% said they listen at work or a place of study. In the same survey, smartphones are the preferred device for listening at 65% of the listening hours and 71% of Podcast listeners listen to the whole episode while 65% listen to mostly all of the episodes they download.
According to the Edison Infinate Dial report for Australia 2019, as well as with commentary from Courtney Carthy, there will be an estimated 780 million podcast episodes downloaded in Australia in 2019. With that number of downloads in a year, the gross revenue in Australia’s podcast ad market would be $15.6 million. Compared to the US, this is relatively small but the audio consumption in Australia is growing rapidly and over the next few years the podcast ad revenue in Australia is expected to grow by an annual compounded growth rate of 86%.
Matty Staudt, wrote a Medium post entitled, “The Three E’s of Podcating.” In it, he writes that people love podcasts so much because of three things, empathy, education and entertainment. In it he writes,
“Great podcasts evoke empathy. More than any other medium, podcasts generate shared experiences and emotions. When a person listens to a moving podcast, they are transported to the world that the creator paints for them with their words.” For education, he says, “ Podcasts are great teachers. When a person gets done listening to an amazing podcast, they leave a little more informed. They can also find out more about a brand through the stories their favorite podcasts tell.” and for entertainment he states, “At the end of the day, podcasts have to entertain listeners. They should be fun and groundbreaking in their sound. Entertaining both hardcore listeners and newbies is vital for the growth and overall reach of a podcast.”
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Episode 40 · 1 year ago