Spotify is acquiring podcast hosting company Megaphone for $235 million
Spotify Spotify's making another big podcasting acquisition. This time, it's buying podcast hosting company Megaphone for $235 million, according to a source close to the companies. The deal doesn't affect Spotify's own podcasts - it already hosted its shows on Megaphone - but it does mean more shows will have access to Spotify's proprietary ad insertion technology, called Streaming Ad Insertion.
SAI functions similarly to typical dynamic podcast ads, which are targeted based on a listener. But in Spotify's case, the ads are inserted in real time as opposed to being swapped out ahead of a listen. This means Spotify's system is making real-time decisions about which ads a specific listener should hear based on their data and also based on the...