Spotify is bulking up its podcasting business with the acquisition of Bill Simmons’ The Ringer, which will add a robust slate of sports and pop culture audio shows to its portfolio. Details:
). The largely unscripted, chat-style shows will serve as a compliment to the highly produced scripted and narrative nonfiction podcasts that Spotify already owns through its 2019 acquisitions of Gimlet and Parcast.
Dawn Ostroff, chief content officer at Spotify said: "As we set out to expand our sports and entertainment offerings, we wanted a best-in-class editorial team. Bill Simmons is one of the brightest minds in the game and he has successfully innovated as a writer and content creator across mediums and platforms. The Ringer's proven track record of creating distinctive cultural content as well as discovering and developing top tier talent will make them a formidable asset for Spotify.
Spotify sees podcasts as a way to expand beyond its music roots. The company spent around $400 million to acquire three podcast companies last year and announced, via a February 2019 letter from CEO Daniel Ek, that “audio — not just music — would be the future of Spotify.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spotify Acquires Bill Simmons’ The Ringer as Part of Podcast PushSpotify announced a deal to acquire The Ringer, a sports, entertainment and pop-culture media company founded by Bill Simmons, as part of the streaming company’s podcast expansion. Terms of t…
Read more »
Spotify To Acquire Bill Simmons’ Pop-Culture & Sports Content Company The RingerSpotify is to acquire Bill Simmons’ pop-culture and sports site and podcast company The Ringer. The music streaming service confirmed that it has entered a “definitive agreement” to buy the company…
Read more »
Business after Brexit—Britain’s divergence dilemmaOn the latest “Money Talks” podcast MorrisseyHelena explains how the changing nature of trade could help turn Brexit into an opportunity for businesses
Read more »
Spotify Adds Subscribers, Swings to Loss as It Invests in PodcastsSpotify posted better-than-expected growth in users and said its investment in podcasts is helping convert people who use its free tier into paying subscribers.
Read more »
Russell Simmons Accusers Documentary ‘On The Record’ Acquired By HBO Max After SundanceHBO Max has snapped up U.S. rights to Impact Partners’ and Jane Doe Films’ documentary On the Record, about the women who’ve accused music mogul Russell Simmons of rape. The movie stirred up …
Read more »
California Housing Crisis Podcast: Why did Senate Bill 50 fail for the third time?Last week, Senate Bill 50, which would have allowed for mid-rise apartments near transit and job centers across California, died in the Legislature.
Read more »