TechScape: how Spotify may have just quietly changed podcasts forever
In this week's newsletter: two under the radar moves feel like the beginning of the end for one of the last sections of the internet to exist outside of the major tech platforms
Just after last week's edition of this newsletter went out, Spotify bought two small technology companies. Chartable and Podsights, both founded and headquartered in New York, are hardly household names: with around 50 employees between them, according to estimates from analysts Crunchbase, they're the sort of acquisitions that large companies make on a regular basis, and often go unnoticed by anyone but industry watchers. But the purchases, both made for undisclosed sums, help explain why the company is so eager to stand firm in the face of criticism from the likes of Neil Young and Joni Mitchell over its broader podcasting strategy - and, specifically, its spending of an estimated $200m on acquiring exclusive rights to the Joe Rogan podcast.
First, the acquisitions themselves. The Verge's Ashley Carman reports:
Both Podsights and Chartable allow podcasters and networks to include tags in their shows that are used to track who listened, if they heard an ad, and whether they took action upon hearing it. Spotify says it plans to use Podsights' technology outside podcasting and will bring it to the full scope of the Spotify platform, including audio ads within music, video ads, and display ads." The Chartable acquisition appears to be more directed toward podcasters themselves rather than advertisers, particularly because of its technology like SmartLinks [which tracks where clicks to podcasts have come from].
These tools will make it easier for publishers to turn audience insights into action and expand their listenership while ultimately growing their businesses," Spotify writes.
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