Podnews Weekly Review Riverside's AI tools; and why do video podcasting?
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Feb 7, 2025 Kendall Breitman, Community Manager at Riverside.fm, shares exciting updates on the platform's new live streaming features and AI tools designed to enhance content creation. David Bodycombe, Producer of the Lateral podcast, discusses the booming world of video podcasting, emphasizing its advantages over traditional formats. They delve into strategies for audience engagement and the creative freedom that video provides. The conversation also explores the evolving podcasting landscape and the technical challenges of merging audio with video seamlessly.
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Spotify's Profitability
- Spotify reached profitability for the first time in 2024, posting a net profit of $1.18 billion.
- Their revenue grew 16% year on year, demonstrating a successful strategy shift.
Spotify's Shift to Video
- Spotify's strategy now focuses on competing with video platforms like YouTube and TikTok, emphasizing video podcasts.
- This shift is driven by the significantly larger market size of video compared to audio.
Price Elasticity and Growth
- Be mindful of price elasticity when increasing subscription costs, as excessive increases can hinder growth.
- While Spotify's scale allows for lower prices, there's a limit to how much consumers will pay.