Emma Vaughn, Spotify's senior director of advertising business development and partnerships, discusses Spotify's video ad strategy, the importance of personalization in podcasts, and the resurgence of vinyl albums in the music industry.
Spotify is focused on improving podcast discovery and personalization through a new mobile experience featuring video-based content and a home feed similar to TikTok.
Spotify emphasizes the need for improved creativity, better ad formats, and transparency in audio advertising to enhance engagement and attribution.
Deep dives
Spotify's Evolution in Podcasting and Audio Monetization
Spotify's Senior Director of Advertising Business Development and Partnerships, Emma Vaughn, is interviewed in this podcast episode. She discusses Spotify's recent developments, including the introduction of a new home feed that features video and autoplay for podcasts. Vaughn also mentions NPR joining the Spotify Audience Network (SPAN) and discusses the importance of ad frequency management. She emphasizes Spotify's focus on personalization and the use of machine learning and editorial expertise to improve the listening experience. Vaughn highlights the balance between paid subscribers and ad-supported listeners and emphasizes the importance of both. She also addresses challenges in podcast discovery, monetization, and ad creative in an audio-first platform. Additionally, she discusses Spotify's podcast strategy, including investments in both premium exclusive content and the long tail of podcasts. The episode concludes with a discussion on ad spend trends and innovation in ad surfaces in the audio streaming app.
The Importance of Discovery and Personalization in Podcasts
Emma Vaughn explains how Spotify is focused on improving podcast discovery and personalization. She discusses the introduction of a new mobile experience, similar to TikTok, that allows users to scroll and swipe through video-based content. This home feed enables better content discovery and engagement. Vaughn highlights Spotify's commitment to creators and podcasters of all sizes, emphasizing the platform's efforts to provide tools for the long tail of podcasts to improve monetization and reach target audiences. She also discusses the need for better attribution and measurement solutions in the audio space and how Spotify is investing in this area. Additionally, Vaughn touches on the balance between high-profile podcast deals and the importance of supporting the broader podcasting ecosystem for sustained growth.
Enhancing the Ad Experience and Ad Monetization
Emma Vaughn discusses Spotify's approach to ad frequency management and the challenges of balancing user experience and monetization. She mentions Spotify's focus on storytelling-focused ads in podcasts to ensure better resonance with listeners. Vaughn emphasizes the need for improved creativity and better ad formats to optimize engagement and attribution. She also explains Spotify's investment in video capabilities, including foreground and background integration, voice technology, and format innovation to enhance ad surfaces within the audio streaming app. Vaughn mentions Spotify's partnerships with third-party creative vendors and the ongoing efforts to develop more effective ad solutions and technologies. She highlights the importance of transparency and attribution in audio advertising and the potential for further advancements in ad monetization.
The Growth of Spotify's Podcast Strategy and Future Investments
Emma Vaughn provides insights into Spotify's podcast strategy and its commitment to both premium exclusive content and the long tail of podcasts. She discusses the platform's investments in growing podcast consumption and usage time per session. Vaughn mentions Spotify's focus on expanding internationally and catering to different podcast market maturity levels. She highlights the importance of increasing discovery and monetization opportunities for creators, emphasizing the "build, buy, partner" approach to optimize across all three areas. Vaughn also touches on recent acquisitions, including pod sites, chartable, and megaphone, and addresses ongoing integration efforts. She highlights Spotify's commitment to ongoing investments and innovations in audio monetization and its support for the overall music and podcasting ecosystem.
Spotify is all about audio, obviously. But video advertising is a strategic priority for the audio streaming service. Emma Vaughn, Spotify’s senior director of advertising business development and partnerships, explains why.
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