Podcast Financial Success and New Content Launches

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• Greg Glenday has been announced as the new CEO for Acast, after Ross Adams announced his resignation. Adams will continue as a strategic advisor; he’d been with Acast since 2014 (moving from Spotify and Capital Radio), and had been CEO for eight years.
  • Glenday joined in Aug 2023 as part of a raft of US appointments. He’d joined from Shazam, iHeartMedia, Lightbox and Undertone. You can read an interview shortly after he joined Acast, in our sister publication the Podcast Business Journal.
• Spotify’s video podcast program isn’t a big hit with podcast networks, says Digiday, saying larger networks are “wary”. However, creators seem keener, with YMH Studios suggesting they’re earning 5x the revenue from Spotify than YouTube, and Ryth earning more than double.
  • Meanwhile, The Times of London reveals (in a paid-for article) that Spotify “has a porn problem”, after stumbling upon “everything from lascivious critiques of skin flicks to audio erotica and reels of ASMR sounds”.
  • And, Daniel Ek’s sales of Spotify shares? He’s used that money to invest in Helsing, an AI-driven military drone company. “I’m sure people will criticize it and that’s OK,” Ek told The Financial Times in a paid piece. Among other clients, the company is making drones for Ukraine.
• Almost one in five of us eat to our favourite podcast or music, according to data from YouGov. 18% listen to music or podcasts while eating lunch; 16% over dinner. Half of us eat lunch alone.

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