AccidentalLemming@lemmy.world to Technology@lemmy.worldEnglish · 11 months agoWhite noise podcasts are costing Spotify $38m per year, and record labels are not happy about itwww.bloomberg.comexternal-linkmessage-square298fedilinkarrow-up1969arrow-down140
arrow-up1929arrow-down1external-linkWhite noise podcasts are costing Spotify $38m per year, and record labels are not happy about itwww.bloomberg.comAccidentalLemming@lemmy.world to Technology@lemmy.worldEnglish · 11 months agomessage-square298fedilink
minus-squareViper_NZ@lemmy.nzlinkfedilinkEnglisharrow-up26arrow-down1·11 months ago$200 million is a lot of money for a podcast when your core Business is music streaming.
minus-squareThorny_Thicket@sopuli.xyzlinkfedilinkEnglisharrow-up3arrow-down2·11 months agoI believe spotify is the most popular podcast streaming app so even if their core business used to be music it’s not that anymore. Atleast not exclusively. Instagram used to be about photography too. Platforms evolve.
minus-squareEssentialCoffee@midwest.sociallinkfedilinkEnglisharrow-up2·edit-211 months agoYou are correct that Spotify is the most popular streaming app for podcasts, at least in the US, as of March 2023 Providing some link backup for you since folks decided to downvote you for saying something they didn’t like.
$200 million is a lot of money for a podcast when your core Business is music streaming.
I believe spotify is the most popular podcast streaming app so even if their core business used to be music it’s not that anymore. Atleast not exclusively. Instagram used to be about photography too. Platforms evolve.
You are correct that Spotify is the most popular streaming app for podcasts, at least in the US, as of March 2023
Providing some link backup for you since folks decided to downvote you for saying something they didn’t like.