The result is Resistance, a Spotify Original Podcast, from Gimlet, a Spotify Studio. Anchor, based in New York, was founded in 2015 by Michael Mignano and Nir Zicherman. The acquisitions may also help reduce the money that Spotify pays to labels by cutting its music-streaming fees, some analysts said. The deals for Gimlet and Anchor, announced last week, were primarily in cash, with the total purchase prices subject to closing adjustments, Spotify disclosed the figure in a Feb. 13 SEC filing. Streaming-audio giant Spotify shelled out around €300 million, or about $337 million, to buy two podcasting companies — producer Gimlet Media and services provider Anchor FM Inc., the company said. By using our website, you agree to the use of cookies as described in our Cookie Policy.

Gimlet spokesman Kevin Turner said the New York company’s 120 employees would be joining Spotify. 9:00 AM, Feb. 06, 2019An earlier version of this article referred to Spotify’s CEO as Daniel Elk. Matthew Thornton, a director of equity research at SunTrust Robinson Humphrey, said: “A very small industry just gets big quicker.”. Exclusive podcasts on Pandora include the third season of “Serial.” The streaming platform had about 69 million active users and nearly 7 million paid subscribers in the quarter that ended Sept. 30. No credit card needed.

CEO Daniel Ek sees a growth opportunity in the space, noting that Spotify’s podcast listeners spend twice as much time on the service as non-podcast listeners and that people listen to traditional radio on average two hours daily. Get our revamped Envelope newsletter, sent twice a week, for exclusive awards season coverage, behind-the-scenes insights and columnist Glenn Whipp’s commentary. Gimlet had raised $27.7 million in funding, according to research firm CB Insights. They decided to create a show that captured Saidu’s “I’m over this” feeling and pair it with “I’m not going to take this lying down.” The result is. That sends the message that “if you want to be in this game, you better start building that muscle,” Thornton said.
Spotify and Gimlet declined to comment on the acquisition price. This summer, people around the world took to the streets to protest police brutality in America. When he mentioned this self-described nihilistic point of view to his coworkers Kimmie Regler and Sarah McVeigh, the two fellow producers jumped on the idea. For the Record sat down with Saidu to learn more about the podcast, debuting October 14. But competitors have steadily grown. Variety and the Flying V logos are trademarks of Variety Media, LLC. Chief Executive Daniel Ek said he believed that eventually more than 20% of all time spent on Spotify would be on non-music content. Gimlet had raised $28.5 million in funding from investors including WPP, Laurene Powell Jobs’ Emerson Collective, Cross Culture Ventures, Betaworks Ventures, Stripes Group, and Graham Holdings. Black Lives Matter co-founder Patrisse Cullors lands Warner Bros. TV production deal. Webster said Spotify’s move into podcasting also could push more labels to become more open to letting podcasts use licensed music. “While podcasting is still a relatively small business today, I see incredible growth potential in this space,” Ek said on a call with investors Wednesday morning. Whether Spotify’s big bet on podcasting pays off remains to seen. Spotify is a streaming music company that wants to become a podcast company, too. The poet and producer behind Gimlet’s Mogul and Uncivil podcasts had reckoned with this reality before—every day of his life. Yet for, and countless other young Black people in America, this reaction was tiresome and even disingenuous. Gimlet Media’s podcast-creation staff announced plans to unionize today, a month after the company was acquired by Spotify in a reported $230 million deal. His name is Daniel Ek. Because one thing Chi’s really good at is getting people excited. They decided to create a show that captured Saidu’s “I’m over this” feeling and pair it with “I’m not going to take this lying down.” The result is Resistance, a Spotify Original Podcast, from Gimlet, a Spotify Studio. The expansion into podcasting comes as Spotify seeks to increase the amount of content on its platform, as rivals in the streaming-music space are closing in on its lead. I’ve been on the side where I’m super engaged with politics and going to protests. Endorsements. Pictured above: Gimlet Media founder Alex Blumberg (l.) and Matt Lieber. “We are still at the dawn of the second golden age of audio, and we know Spotify is a perfect partner and platform to take Gimlet — and podcasting at large — to a new level,” Gimlet founders Alex Blumberg and Matt Lieber said in a statement.

You may occasionally receive promotional content from the Los Angeles Times. A lot of what we’re doing is obviously strategically targeting this area that we want to be a leader in.”. I don’t really know what that means for every individual person. Elizabeth Warren attacks Disney for layoffs.

Announced Thursday, Black Lives Matter leader Patrisse Cullors will co-produce shows for TV networks and streaming services to amplify Black voices. “Exclusives in the music world just do not work. Stephan James and Julia Roberts in “Homecoming,” a show streamed on Amazon’s platform. Some of them think it’s through politics, some of them think it’s through the day-to-day, very small acts of resistance that they put up in their lives.

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