Acast has received €25 million in financing from the European Investment Bank as part of an unusual “quasi-equity” deal. Wait, what? Also: Ximalaya, plus Spotify-Anchor integration
– Notes on venture capital, podcasting, and the pool moving forward
– The Athletic’s ambitious 120-podcast goal
– The Ringer strikes up a partnership with Grand Central Publishing
Multitude Productions, a Brooklyn-based independent podcast collective, isn’t small by any means, but it isn’t terribly big either. Formed in 2017 by Amanda McLoughlin (who I interviewed for a Career Spotlight back in March), Multitude is now at a size where, in the month of July, the collective brought in over 2 million downloads across […]
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Thinking about Dork Elvis.
Stitcher and Wondery have formed a joint venture to go after UK podcast advertising dollars.
It adds to the $5 million Series A already raised.
From Variety: Spotify believes “Facebook’s Libra Cryptocurrency Will Help Subscription Services.”
The Ad-Free Tim Ferriss Experiment.
The revenue breakdowns by genre are worth a closer read.
Podcast advertising revenue by 53% between 2017 and 2018, according to the latest Podcast Revenue Report by IAB and Pricewaterhousecoopers (PWC). Specifically: $479 million was spent by marketers on podcasts in 2018, up from $314 million in 2017. The Big Picture: overall digital audio advertising revenue reached $2.3 billion in 2018, up 22.9% from $1.8 […]