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the usage of the Apple Watch as a standalone, iPod-fashion podcast participant makes sense: Load episode info into its inner storage, leave the iPhone behind, and hit play on the Apple Watch to beginning listening via AirPods or other Bluetooth earbuds. This approach appeals to athletes and people who choose not to elevate an iPhone perpetually.
until recently, notwithstanding, copying podcast data to the Apple Watch could only be completed the use of imprecise third-party apps with rough edges and reliability problems (see “five Apps That Play Podcasts at once out of your Apple Watch,” 9 April 2018).
Now, because of capabilities exposed in watchOS 5, enhanced podcast apps have arrived. Apple has released an Apple Watch edition of its Podcasts iOS app, which permits transferring podcasts from cell to monitor and turns the Apple Watch into a good standalone podcast participant. Podcasts works with Apple Watch versions the entire means back to the sequence 1 but excludes the fashioned Apple Watch, which can not run watchOS 5.
The accepted (and free) Overcast podcast app for iOS now additionally has a sibling app on the Apple Watch. Developer Marco Arment is revisiting the Apple Watch after an preliminary foray he deemed so unsatisfactory that he aborted it back in August 2017. With watchOS 5, he thinks he can more reliably switch podcast data to the Apple Watch and accurately execute playback there.
each app also capabilities as a far flung control for its accomplice iPhone app so that you can handle playback of iPhone-saved episodes without pulling out your iPhone.
Apple’s Podcasts takes watch-primarily based podcast playback one step further, enabling cloud-based podcast streaming on Apple Watch series three and sequence four fashions. This characteristic requires an online connection via Wi-Fi or mobile whereas removing the want for the associate iPhone to be concerned. You can even summon such content through name using Siri commands.Podcasts
if you use Apple’s Podcasts on your iPhone, your subscriptions immediately seem within the Apple Watch edition of the app. This comprises downloaded episodes, which sync to the watch.
if you want to quality-tune this syncing habits, go into the Watch app in your iPhone, select Podcasts, and swap from listen Now to customized. A toggle for each and every subscribed podcast appears; flip the ones you want, ignore the leisure. Syncing will then proceed selectively, according to the brand new settings.
Apple Watch apps ought to be standard by using necessity, given confined on-screen precise estate, and the Podcasts app is no exception. you are greeted with just two buttons: On iPhone and Library. (a 3rd button, Now playing, looks when playback of a podcast is in progress.) under these buttons is an further interface flourish—a carousel of podcast logos that flips with vertical finger swipes.
Let’s look at these interface points, starting with On iPhone. here's the place you flip your Apple Watch into a far flung control on your iPhone. faucet play on your watch and the episode audio will emanate from your mobile.
you can browse for On iPhone content material in 4 methods.
if you happen to play an episode, the aforementioned third button—Now taking part in—seems on the main menu, and on the top of the On iPhone menu. tap both for a play window with a play/pause button, a round quantity indicator that you can alter with the Digital Crown, a button to pace up or decelerate playback, and buttons to pass ahead and backward.
subsequent up is Library, which holds episodes synced to the watch, in addition to these that you can movement directly from the information superhighway. As with the On iPhone alternatives, episodes are listed by means of show and additionally in a reverse-chronological episode record. in the event you play an episode, a Now enjoying button seems on the main menu—however, oddly, not in the Library menu.
On my Apple Watch collection four without cellular access, I discovered it complex to differentiate between downloaded episodes and those that had been most effective available for streaming. I many times bought a warning that I obligatory Wi-Fi or cellular to access a particular episode, which means it turned into now not saved in the community. The episode played fine when i was back on Wi-Fi, but this raised the question of how and the place to find my synced episodes.
at last, we come to the carousel of podcast trademarks. It’s a wonderful contact due to the fact that it provides a incredibly visual approach to flip through your subscribed podcasts. if you happen to tap one of the most album covers, the newest episode of the corresponding podcast begins playing.
unfortunately, i was every now and then again unable to play episodes when far from Wi-Fi. So, once more, the place are my synced audio info? certain podcast logos showed little cloud icons, which supposedly indicates they can be found simplest for streaming, but episodes devoid of these icons wouldn’t play far from Wi-Fi either.
Siri integration is a welcome bonus because it offers you entry to the whole lot of the iTunes podcast catalog out of your Apple Watch—assuming you already be aware of what you need, due to the fact there is not any way to peruse the catalog visually. you can use Siri to subscribe to podcasts and to play episodes of podcasts to which you’re subscribed.Overcast
i was intrigued about Overcast for watchOS considering the fact that I’ve used the iPhone edition intermittently over the years, and it’s one of the most frequent podcast apps.
After you’ve put in Overcast for iOS and deploy your subscriptions, you’re able to deploy the watchOS edition by the use of your iPhone’s Watch app and nice-tune a few settings. As with Apple’s Podcasts, Overcast is designed to auto-sync episode information from phone to watch—and you can decide how many episodes (10, 20, or 50) will sync. additionally, that you may use toggles to choose which shows and playlists will sync, and which won’t.
Overcast on the Apple Watch gives three monitors: one that lists playlists and podcasts both on your iPhone or synced to the Apple Watch, one which lists episodes attainable to play within the currently selected demonstrate, and a play screen.
I in particular appreciated Overcast’s initial monitor, which makes it crystal-clear the place an episode file resides. on the desirable, it has icons of a mobile and a watch. faucet the phone icon, and you are in for your iPhone far off-handle mode. faucet the watch icon, and also you are in in your Watch, working with info copied to the watch. This toggle eliminates the ambiguity that could make Podcasts confounding.
in the event you’re in on your iPhone mode, you get a full accounting of what's on the iPhone. The most effective episodes displayed on the Apple Watch, although, are these downloaded to the iPhone. Overcast on the Apple Watch can not movement episodes from the cyber web, not like Podcasts. if you’re in on your Watch mode, you additionally see most effective those indicates with episodes synced to the watch.
Navigation with Overcast is greater flexible and intuitive than in Podcasts. in addition to tapping (to navigate into a playlist or display, or to play an episode), Overcast supports leftward and rightward swiping between its three displays. From the leading monitor, swipe left as soon as to flow to the at present chosen episode and a 2d time to get to the play screen. Podcasts enables handiest rightward swipes, as the equivalent of a back button.
Overcast’s play screen indicates a play button, a growth bar, a round extent indicator that you manage with the Digital Crown, and buttons to pass forward or backward with the aid of particular amounts of time. if you’re enjoying an episode that resides on the Apple Watch, a watch icon appears at the lower left.
Overcast, notwithstanding thoughtfully designed, didn’t at all times work smartly for me. I ran into efficiency hiccups, equivalent to play buttons that could now not work or spoke back sluggishly, unwanted episodes appearing unexpectedly on the screen, etc.
cell-to-watch syncing turned into once in a while flaky, as neatly. Podcasts are speculated to sync within the heritage, usually in a single day when the watch is charging, however I commonly couldn’t get every display precise for syncing to achieve this, even after leaving the Apple Watch and iPhone idle for hours. There’s a workaround: episodes within the iPhone app have a guide send-to-watch choice that works nicely, although now not all the time as without delay as i want.
at last, I sometimes discovered it difficult to maintain Overcast in in your Watch mode. I’d be taking part in a in the neighborhood synced podcast after which pause to do whatever else. after I lower back to the app, the play display nonetheless displayed the episode, nonetheless it was the version from my iPhone, and that i had to navigate lower back to the watch edition. This isn’t a big deal, nonetheless it’s a bit disturbing.limitations and competencies
The Apple Watch types of Podcasts and Overcast, even though a boon for podcast addicts, have other shortcomings.
Neither displays episode descriptions, which could make it intricate to determine what an episode is ready. Neither lets you scrub audio with a fingertip, so you have to mash the forward and backward buttons repeatedly. Neither allows you to browse podcast catalogs, although that wouldn’t be greatest on one of these diminutive reveal.
despite their limitations, these podcast apps point to something effective: a smartwatch it's more and more independent of its partner smartphone. a further contemporary indication of this evolution is the Audible app, released by using the Amazon-owned audiobook publisher, which now allows transfer of audio files to the look ahead to standalone playback lots like Podcasts and Overcast do.
What about other main iOS podcast apps with Apple Watch apps? Pocket Casts (my latest favourite) and Castro come to mind. whereas neither has announced help for standalone Apple Watch playback, I need to imagine that’s on the roadmap.
Pocket Casts does have refined telephone-far off capabilities which are keeping me loyal, at the least a part of the time. Its Apple Watch app suggests me newly released episodes of all my subscribed podcasts, and i can tap any list to start playback on my iPhone. Unplayed, partially played, and starred episodes are displayed on separate watch displays. Even filtering capabilities may also be accessed on the Apple Watch in addition to on the iPhone.
Castro is much less attractive at the moment, permitting watch playback of an iPhone-hosted episode best if it has been brought to the iPhone app’s queue, and presenting no watch performance beyond that.
For standalone Apple Watch playback, meanwhile, Podcasts and Overcast are both impressive decisions. Podcasts may use a little bit of interface refinement to distinguish between native and faraway episodes, and Overcast would advantage from some computer virus fixes and performance improvements.
but, with impeccable pedigrees and interfaces that already go an extended means to making the Apple Watch a kick-ass podcast player, these two apps are actually price a glance.
(Reuters) - Apple Inc (AAPL.O), Alphabet Inc’s (GOOGL.O) YouTube, facebook Inc (FB.O) and Spotify (SPOT.N) all took down podcasts and channels from U.S. conspiracy theorist Alex Jones, asserting on Monday that the Infowars creator had broken group requisites.
The sweeping strikes are the broadest movements yet through internet companies that up to now have suspended or eliminated one of the crucial conspiracy-driven content material produced by means of Infowars.
on the grounds that founding Infowars in 1999, Jones has built an enormous audience. among the many theories he has promoted is that the Sept. 11, 2001, attacks on long island and Washington had been staged via the executive.
fb said it eliminated Alex Jones pages “for glorifying violence, which violates our graphic violence coverage, and the usage of dehumanizing language to describe americans who are transgender, Muslims and immigrants, which violates our hate speech guidelines.”
The Infowars app remained obtainable on the app shops hosted by way of Apple and Alphabet’s Google Play, despite the fact, while Twitter Inc (TWTR.N) spoke of that Infowars debts have been not at present in violation of its suggestions.
Alphabet and Apple didn't immediately respond to questions on why the app remained obtainable on their structures.
Infowars editor-at-large Paul Joseph Watson mentioned in a tweet right here that the broad take-downs amounted to censorship and had been intended to support Democrats in congressional elections due in November.
“Infowars is largely credited with having performed a key role in electing Donald Trump. via banning Infowars, large tech is conducting election meddling just three months earlier than critical mid-phrases,” Watson wrote on the Infowars web site.FILE image: Alex Jones from Infowars.com speaks right through a rally in help of Republican presidential candidate Donald Trump close the Republican national convention in Cleveland, Ohio, U.S., July 18, 2016. REUTERS/Lucas Jackson/File picture
Neither Jones nor a representative for Infowars turned into available for extra remark. none of the agencies that took down the content commented on whether they'd coordinated their movements.
The Alex Jones Channel on YouTube on Monday displayed a banner asserting the account had been terminated for violating community guidelines, and a spokesperson brought by way of e mail that repeated violation of policies such as these prohibiting hate speech and harassment led to termination of bills.
Apple deleted most Infowars podcasts and a spokeswoman talked about in an announcement that the company “doesn't tolerate hate speech” and publishes guidelines that builders and publishers must observe.
“Podcasts that violate these guidelines are removed from our listing making them now not searchable or obtainable for down load or streaming,” Apple observed in a statement. “We believe in representing a wide array of views, provided that individuals are respectful to these with differing opinions.”
only 1 software offered by way of Infowars, “RealNews with David Knight,” remained on Apple’s podcasts structures on Monday. BuzzFeed earlier stated that Apple had eliminated the library for 5 of Jones’s six Infowars podcasts, together with the indicates “war Room” and the day by day “The Alex Jones reveal.”
Twitter talked about in an e-mail that content posted to different sites commonly turned into not placed on Twitter and that tweets from Infowars usually were responded to by way of americans rebutting and challenging it. If Infowars violates Twitter rules sooner or later, it will take action, it added.
song and podcast business Spotify referred to on Monday that it had now eliminated all of Jones’s Infowars programs from its platform, after final week putting off some classes.
A consultant stated that Spotify took severely studies of hate content material. “because of repeated violations of Spotify’s prohibited content material guidelines, The Alex Jones display has misplaced entry to the Spotify platform,” the consultant noted.
In late July, fb had suspended Jones’s own profile for 30 days for what the business pointed out turned into bullying and hate speech.FILE photograph: An Apple emblem hangs above the entrance to the Apple store on 5th Avenue within the big apple borough of manhattan metropolis, July 21, 2015. REUTERS/Mike Segar
Jones has additionally promoted a conception that the 2012 Sandy Hook college bloodbath turned into faked by left-wing forces to promote gun handle. The shooting left 26 children and adults useless at a Connecticut fundamental college.
he is being sued in Texas by two Sandy Hook parents, in search of at the least $1 million, claiming that they have got been the subject of harassment pushed by way of his classes.
Reporting by rich McKay in Atlanta; extra reporting by using Sonam Rai, Ishita Chigilli Palli and Arjun Panchadar in Bengaluru and Peter Henderson, Paresh Dave and Stephen Nellis in San Francisco; enhancing with the aid of Nick Zieminski and Rosalba O'Brien
each social media platform referred to Monday that it had removed content from Jones or InfoWars because it had violated their policies. The businesses' moves shut down key distribution channels that had given the controversial media determine easy access to tens of millions of information superhighway clients.
probably the most dramatic motion came closing, from YouTube, which is owned by way of Google (GOOGL). It eliminated many true channels associated with InfoWars, including The Alex Jones Channel, which had 2.four million subscribers and videos that had been seen over 1.5 billion instances.
"When users violate ... guidelines time and again, like our policies in opposition t hate speech and harassment or our terms prohibiting circumvention of our enforcement measures, we terminate their money owed," spoke of a spokesperson for YouTube.
Some channels for some of InfoWars' right personalities were nonetheless on the platform, besides the fact that children.
InfoWars is notorious for spreading demonstrably false suggestions and conspiracy theories on a number of concerns. It has advised that the Sandy Hook massacre become a hoax, and that the September eleven terrorist assaults were an inner job orchestrated with the aid of the USA executive.
InfoWars did not respond to a request for comment.
but in a message posted Monday on Twitter, Jones encouraged clients to entry live streams without delay from the InfoWars web page. He described it as "the one platform that they cannot ban."
previous on Monday, fb eliminated four pages associated with InfoWars and Jones for repeated violations of its guidelines.
The social media platform talked about in an announcement that it had "unpublished" the Alex Jones Channel web page, the Alex Jones web page, the InfoWars web page and the Infowars Nightly news web page.
facebook (FB) eliminated four videos from the pages remaining week after selecting that they violated its hate speech and bullying policies. It also suspended the own profile of Jones.
The business observed that greater content from the pages had considering that been pronounced, and it had determined to eliminate them for "repeated violations of community necessities and gathering too many strikes."
"Upon review, we've taken it down for glorifying violence ... and the usage of dehumanizing language to describe people who're transgender, Muslims and immigrants, which violates our hate speech policies," observed fb.
related: fb suspends own profile of InfoWars founder Alex Jones
The pages displayed right here message when accessed Monday: "Sorry, this content is rarely purchasable presently."
facebook talked about the page administrators could be capable of enchantment its decision. in the absence of an attraction, or it the enchantment fails, the pages could be completely deleted.
The moves by facebook, YouTube, and Apple left Twitter because the only fundamental tech platform not to take some motion against InfoWars and Jones over the last day.
A Twitter spokesperson advised CNN that neither InfoWars nor any of its linked accounts are at the moment in violation of Twitter suggestions.
For weeks, facebook has suffered a public members of the family disaster over how it handles misinformation and false information on its structures. The company said the elimination of the 4 pages on Monday turned into unrelated.
"while a lot of the discussion round InfoWars has been related to false news ... not one of the violations that spurred today's removals were related to this," it referred to in a press release.
connected: fb and Instagram now exhibit how a whole lot time you spend in every app
BuzzFeed news reported on Sunday that Apple (AAPL) had removed five podcasts linked to InfoWars from iTunes and its podcast app.
"Apple doesn't tolerate hate speech, and we've clear instructions that creators and developers ought to follow to make certain we provide a safe atmosphere for all of our users," it said in an announcement provided to BuzzFeed news.
"Podcasts that violate these guidelines are faraway from our directory making them not searchable or purchasable for down load or streaming. We accept as true with in representing a wide array of views, so long as individuals are respectful to those with differing opinions."
Apple demonstrated the accuracy of its remark to CNN.
— Paul P. Murphy and Oliver Darcy contributed reporting.
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1 of 2Mark Lennihan
FILE - In this Monday, Oct. 24, 2016, file photo, the AT&T logo is positioned above one of its retail stores, in New York. A federal appeals court on Tuesday, Feb. 26, 2019 upheld AT&T's $81 billion takeover of Time Warner, approving one of the biggest media deals on record in the face of opposition from the Trump administration. The combination of one of the country's largest wireless carriers and TV providers with a major TV and movie company has already reshaped the media landscape. (AP Photo/Mark Lennihan, File)
NEW YORK — A federal appeals court on Tuesday upheld AT&T's $81 billion takeover of Time Warner, approving one of the biggest media deals on record in the face of opposition from the Trump administration.
The combination of one of the country's largest wireless carriers and TV providers with a major TV and movie company has already reshaped the media landscape.
A look back at the deal, the pushback from the government and its future implications:
WHAT PROMPTED THE DEAL?
Traditional, live TV is shrinking in importance. Streaming video like Netflix has exploded in popularity. And AT&T, which has its cellphone business and also owns DirecTV, wanted to marry popular video with its ability to deliver to homes and phones.
Time Warner, now known as WarnerMedia, owns popular channels including HBO, CNN, TNT and TBS, plus Warner Bros. movies such as the Harry Potter and DC Comics superhero franchises.
WHY DID THE GOVERNMENT SUE?
The Justice Department said the combined company would mean higher TV bills for consumers and higher costs for AT&T's cable rivals. A district court judge and the appeals court, however, said they didn't make their case. A Justice Department spokesman said Tuesday that the government planned no further appeals.
The government's objections to the deal surprised many on Wall Street because AT&T and Time Warner were not direct competitors. It was the first time in decades that the government had sued to block such a "vertical merger" — and AT&T's rival Comcast, a cable company, had gotten the government's blessing in 2011 to buy NBCUniversal, which makes TV shows and movies.
The government's opposition also attracted attention because Donald Trump, as a presidential candidate in October 2016, had promised to kill the deal "because it's too much concentration of power in the hands of too few."
Trump has publicly feuded with Time Warner's CNN, calling it "failing" and a purveyor of "fake news." The president's statements didn't come up during the trial in district court, and the Justice Department's antitrust chief, Makan Delrahim, said the president did not tell him what to do.
HOW HAS THE DEAL AFFECTED THE MEDIA WORLD?
AT&T has steadily followed consumers into internet-delivered TV. It started a streaming service that replicates cable, DirecTV Now, about a month after announcing the Time Warner takeover. It launched a cheaper, smaller live TV offering called WatchTV soon after the deal closed. It's planning another streaming service, "WarnerMedia," for later this year to showcase its own films and HBO shows.Comment on this story
AT&T has used discounts and bundling to win customers. It had special DirecTV Now promotions and now throws in WatchTV free for some of its wireless customers. It also doesn't count DirecTV Now streaming against data caps on AT&T cellphone plans. Some net-neutrality advocates say the data-cap exemption shows favoritism by AT&T. The company says the practice is good for consumers.
AT&T has been managing the Turner networks as a distinct business unit. Now it can be involved in Turner's deals with cable companies, which include the prices paid for networks like TBS and CNN. It can also change Turner's employee headcount and compensation.
Pandora, the largest streaming music provider in the U.S., today introduced Pandora Stories, a unique new artist marketing tool that allows creators to combine the narrative possibilities of podcasts with the emotional power of music playlists. Pandora Stories is a valuable new addition to Pandora’s Artist Marketing Platform (AMP), a suite of free self-serve marketing tools that has already generated over three billion listener impressions by helping artists connect directly with fans and further increase streams of their songs, albums and podcasts.
Pandora Stories allow artists to create music playlists interspersed with voice tracks so that they can tell the stories behind the music, artists, and inspirations that move them, and bring their songs to life in a uniquely personal way whether it’s promoting a new single or shining a light on their greatest influences. Pandora Stories also opens music-driven storytelling to a wider realm of creators - musicians, actors, filmmakers, athletes, celebs, authors, podcasters, thought leaders - giving them access to Pandora’s expansive catalog of fully-licensed songs to contextualize their stories and bring them to life in an intimate new way.
“Pandora Stories exemplifies our commitment to continually innovate for both our listeners and for artists and creators of all kinds using the power of music and audio storytelling tools,” said Chris Phillips, Chief Product Officer, Pandora. “Pandora’s first-of-its-kind Artist Marketing Platform set the standard for empowering creators in the music streaming space, and continues to lead the way.”
Pandora Premium subscribers can listen to Pandora Stories ad-free, and Pandora ad-supported and Plus listeners can do so via Premium Access after watching a 30-second ad by searching for “Pandora Stories.” Premium Access to Pandora Stories also introduces a new opportunity for advertisers and brands to create unique value for their audience and connect with listeners in a music-rich and authentic way.
The first collection of Pandora Stories features John Legend, Daddy Yankee, Lauren Alaina, Perry Farrell, Wes Anderson music supervisor Randall Poster, and Amy Winehouse collaborator and Dap-Kings guitarist Tommy Brenneck, with forthcoming stories from 2 Chainz, Rob Thomas and many more.
“Podcasts can tell stories about music, but it’s difficult to include full songs, and regular playlists have songs but lack personal context from the artists behind them,” said Jeff Zuchowski, VP of Artist Marketing and Industry Relations, Pandora. “We’ve created Pandora Stories to fill that void, bringing together the greatest strengths of both podcasts and playlists, and giving artists the opportunity to connect with listeners on a uniquely deep and personal level.”
Artists and creators of all kinds can request access to Pandora Stories tools at www.AMPplaybook.com/pandora-stories.
Sirius XM Holdings Inc. SIRI, +0.17% is the world's largest audio entertainment company, and the premier programmer and platform for subscription and advertising-supported audio products. With the recent addition of Pandora, the largest streaming music provider in the U.S., SiriusXM reaches more than 100 million people with its audio products. For more about the new SiriusXM, please go to: www.siriusxm.com.
Pandora, a subsidiary of SiriusXM, is the leading music and podcast discovery platform, providing a uniquely-personalized listening experience to approximately 70 million users each month with its proprietary Music Genome Project [® ] and Podcast Genome Project [®] technology - whether at home or on the go - through its mobile app, the web, and integrations with more than 2,000 connected products. As the largest streaming music provider in the U.S., with an industry-leading digital audio advertising platform, Pandora connects listeners with the music and podcasts they love the most.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: our substantial competition, which is likely to increase over time; our ability to attract or increase the number of subscribers, which is uncertain; our ability to profitably attract and retain more price-sensitive consumers; failure to protect the security of personal information about our customers; interference to our service from wireless operations; a decline in the effectiveness of our extensive marketing efforts; consumer protection laws and their enforcement; our failure to realize benefits of acquisitions or other strategic initiatives, including the acquisition of Pandora Media, Inc.; unfavorable outcomes of pending or future litigation; the market for music rights, which is changing and subject to uncertainties; our dependence upon the auto industry; general economic conditions; existing or future government laws and regulations could harm our business; failure of our satellites would significantly damage our business; the interruption or failure of our information technology and communications systems; rapid technological and industry changes; failure of third parties to perform; our failure to comply with FCC requirements; modifications to our business plan; our indebtedness; damage to our studios, networks or other facilities as a result of terrorism or natural catastrophes; our principal stockholder has significant influence over our affairs and over actions requiring stockholder approval and its interests may differ from interests of other holders of our common stock; impairment of our business by third-party intellectual property rights; and changes to our dividend policies which could occur at any time. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2018, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site ( http://www.sec.gov ). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190226005398/en/
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Feb. 6, 2019, 2:38 PM GMT
By Jason Abbruzzese
Music streaming service Spotify is jumping into the podcast industry.
The company announced Wednesday that it has acquired Gimlet Media, the producer of popular podcasts "Reply All" and Crimetown," and that it has plans for more moves.
"Today we announced that we have entered into definitive agreements to acquire two of the leading players in the emerging podcast marketplace," the company wrote in its earnings announcement on Wednesday. "We want to acquire more, and have line-of-sight on total spend of $400-$500M on multiple acquisitions in 2019."
Podcasts have been available on Spotify since 2015, but the company had not been particularly involved with their creation or monetization. The acquisition of Gimlet, along with Anchor, which provides services to podcasts creators, puts Spotify on track to become a bigger part of the growing podcast industry.
Spotify's entry into the podcast world comes as the company continues to build its business. Spotify is the world's most popular streaming service, but is competing with tech titans Apple and Amazon, which each have competing services.
The company on Wednesday announced its first every quarterly profit, making about $96 million off total sales of $1.7 billion. It also announced that it now has 96 million paid subscribers.
That revenue total was below Wall Street expectations. Spotify shares were down 5.3 percent in pre-market trading.
Spotify CEO Daniel Ek wrote in a blog post that he sees podcasts as a big part of the company's future as one of the leaders in audio and wrote that the company believes 20 percent of all Spotify listening will be "nonmusic content."
Ek added that this will including Spotify producing original content, something it has dipped its toe into with video. The vast majority of the service's listening comes from its licensed music library.
"This means the potential to grow much faster with more original programming — and to differentiate Spotify by playing to what makes us unique — all with the goal of becoming the world’s number one audio platform," Ek wrote. "We are building a platform that provides a meaningful opportunity for creators, excites and engages our users, and builds an even more robust business model for Spotify in an industry we believe will become significantly larger when you add Internet-level monetization to it."
The podcast industry will need to continue to grow to have a serious impact on Spotify's business. Podcasts generated an estimated $314 million in advertising revenue, according to the Interactive Advertising Bureau (IAB), which tracks online advertising.
That number is expected to increase to $659 million by 2020, according to IAB projections.
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