

Sounds Profitable
Bryan Barletta
The pace of change the podcast industry is undergoing is staggering. The implications for podcasters, hosting providers, podcast listening app developers, and advertisers and agencies are enormous. And so is the growth potential. Presented as a companion to the weekly newsletter of the same name, our podcast provides you with direct access to our narrated articles, interviews with industry experts, bleeding-edge research, and can't miss industry news recaps. That Sounds Profitable, right? Assumptions and conventional wisdom will be challenged. Easy answers with no proof of efficacy will be exposed. Because the thinking that got podcast advertising close to a billion dollars annually will need to be drastically overhauled to bring in the tens or hundreds of billions of dollars podcast advertising deserves.
Episodes
Mentioned books

Apr 10, 2022 • 37min
Recapping Podcast Movement: Evolutions
Today on the show, Bryan Barletta and Arielle Nissenblatt discuss Podcast Movement: Evolutions, which took place last month in Los Angeles. Overall, they had a blast, met with a ton of industry folks, had some nice meals, and attended some innovative sessions. Bryan and Arielle take time to highlight Evo Terra's Podcast Hall of Fame acceptance speech.Listen in to learn about: The overall feel of the eventThe YouTube announcementBryan's on-stage timeArielle's social media talkEvo Terra's acceptance speech and his call to action for the future of the industryFuture podcast events Here's our favorite idea from this conversation: It was super neat to meet Sounds Profitable listeners, sponsors, and readers in person! Links: Podcast MovementEvo's speechThe DownloadSounds Profitable: Narrated ArticlesSquadCastThe Podcaster's Dilemma Credits: Hosted by Bryan BarlettaHosted by Arielle NissenblattAudio engineering and transcriptions by Ian PowellExecutive produced by Evo Terra of Simpler MediaSpecial thanks to James Cridland of PodnewsSounds Profitable Theme written by Tim CameronSee omnystudio.com/listener for privacy information.

Apr 8, 2022 • 11min
Digital Ads Evolve As Online Privacy Increases + 4 more stories for April 8, 2022
**This week on The Download; digital ads evolve as online privacy increases, Substack poaches podcasts from Patreon, and iHeartMedia is buying NFTs to make podcasts about them.**A fair amount of coverage has been written about the so-called death of targeted advertising. Privacy changes implemented by Google and Apple have made some waves, but said waves are having interesting effects on the industry. On Wednesday Brian Chen and Daisuke Wakabayashi published a New York Times piece called *You’re Still Being Tracked on the Internet, Just in a Different Way*. A fair amount of coverage has been written about the so-called death of targeted advertising. Privacy changes implemented by Google and Apple have made some waves, but said waves are having interesting effects on the industry. On Wednesday Brian Chen and Daisuke Wakabayashi published a New York Times piece called *You’re Still Being Tracked on the Internet, Just in a Different Way*. Throughout the piece Chen and Wakabayashi alternate between birds-eye views of the tech industry and personal anecdotes from small business reflecting the changing landscape of traditional digital ads. “The rise of this tracking has implications for digital advertising, which has depended on user data to know where to aim promotions. It tilts the playing field toward large digital ecosystems such as Google, Snap, TikTok, Amazon and Pinterest, which have millions of their own users and have amassed information on them. Smaller brands have to turn to those platforms if they want to advertise to find new customers.” Where in previous years a business would be able to purchase ad space on services like Instagram or Facebook, famous for their tracking providing fine-tuned results, now the pendulum has shifted. “Shawn Baker, the owner of Baker SoftWash, an exterior cleaning company in Mooresville, N.C., said it previously took about $6 of Facebook ads to identify a new customer. Now it costs $27 because the ads do not find the right people, he said.” With the devaluing of assumed default channels of advertising, more budgets are being redistributed to new avenues of advertising. Especially options with first-party data. While podcast advertising doesn’t offer that data for users, the contextual nature and growth of podcasting-first data solutions are becoming appealing options for those buyers Dave Jones (no relation to the undersea legend) posted a blog to Substack Monday with intent to clear the air on Podcasting 2.0. What exactly is Podcasting 2.0? As Jones puts it: “The Podcasting 2.0 project is simply this: A vision of what podcasting experiences can be in the future, and a set of free, open source standards for how that vision becomes reality.” Jones goes on to give context for what some of these open-source standards could look like, folding them into a fictional day in the life a podcast super-listener named Joy. Throughout Joy’s typical work day she uses a one-size-fits-all podcatcher app that folds features and functionality from existing first-party services into one place. Whenever a video podcast she likes goes live, Podcast 2.0 framework allows her to join in and listen to just the audio (much like YouTube’s audio-only feature). When she dips into the video portion of the stream she can tip money to the hosts, causing an on-screen notification akin to Superchats on YouTube and donations on Twitch. Her app displays episode-specific links and data mentioned in podcasts manually placed by the hosts. It automatically switches to lower bitrate versions of audio feeds when traveling into areas with poor signal. In Joy’s Podcast 2.0 world she can check comments and reviews aggregated from other podcasting apps. “Every bit of the above scenario is perfectly possible using only RSS and open source standards. Much of it is already functioning today in apps and services that are early adopters.” For those who’ve only heard of Podcasting 2.0 in passing, Jones’ piece aims to explain the passion and potential open-source future the concept could provide. We move from a story posted on Substack to a story about Substack. On Tuesday Ashley Carman published the Bloomberg piece Substack Poaches Patreon Stars for Expanded Push into Podcasting. Substack now offers two resources popular with monetized podcasts: a newsletter and a private RSS feed for paying subscribers. Substack’s COO Hamish McKenzie says the company is giving grants to certain podcasters who make the switch from Patreon. Though, like a recent report on YouTube offering grants for podcasters to pivot to video, Substack is keeping quiet as to which specific podcasts got grants. Currently only four are known. The grants Substack offers serve to soften the blow of abandoning an existing service. Patreon does not offer the ability to take paid subscriptions to a competitor’s platform. Podcasters making the switch will lose patrons, moreso than they normally would to monthly churn. Marketers have been telling podcasters that newsletters are a successful way to create and own an audience. Substack taking initiative shows they might begin to own and understand the market of podcasts centered around communities. And, by extension, own the revenue derived from said market. That said, this introduces another hosting solution that does not appear to be following IAB standards. Substack joins Apple’s subscription product, Supercast, and Supporting Cast in that crowd. This isn’t necessarily an issue for the individual user because they provide first party info. Nevertheless, it does show the IAB standard doesn’t have the teeth many hoped it would as this industry continues to grow ****Soon it might be time to break out the picket signs and pro-worker chants at Spotify. On Monday Ashley Carman, making her second appearance this episode, published the Bloomberg article *Spotify Podcast Union is Ready to Strike Over Contract Terms*. Barring successful negotiations, the Parcast Union is poised to execute the first ever strike at Spotify. The union cites unaddressed issues include basic concerns like pay, but also staff diversity concerns and IP rights. “The bargaining committee told Bloomberg News that Spotify specifically doesn’t want to commit to a request that half of job candidates who make it past the phone interview stage be people of color, people who identify as LGBTQ+ or people with disabilities. They also added they haven’t agreed on acceptable salary minimums.” 97% of Parcast union members have pledged to join the strike, spanning multiple departments. “A strike would be a first for Spotify and would come at a particularly fraught time for its podcast ambitions. The company laid off the internal team at its fourth podcast studio, known as Studio 4, in January, and has struggled to get much of its headline-driving content off the ground.” For more information on that reference to unreleased headline-driving content, we direct you to the March third episode of The Download for coverage of that particular story. Here’s hoping the union walks away from the bargaining table with their goals achieved. People deserve to be paid a fair living wage, and podcasting on the scale Spotify operates at is certainly big enough to handle that. For our final story of the week, something bizarre. Non-fungible tokens, a digital collectible known for being rife with pump-and-dump schemes and other classic forms of financial scams, are potentially getting their first big break in podcasting through iHeartMedia’s new scheme. Sara Fischer, reporting for Axios, broke exclusive news on Tuesday: iHeartMedia is building a podcast network around NFTs they’ve purchased. “iHeartMedia is currently in talks to make 10–15 investments in prominent NFT collections over the next few days — including CryptoPunks, Mutant Ape Yacht Club, and World of Women — per Khalil Tawil, EVP of strategy at iHeartMedia.” As Tawil describes it, iHeartMedia will purchase NFTs from various internet-popular collections and then craft a slate of podcasts that retroactively create a series of stories and characters around the algorithmically-generated artwork they sort-of own. Fischer quotes Khalil Tawil as saying there is “no real precedent for this.” While technically true in the context of podcasting, it’s not new in other forms of media. Most notable are the multiple attempts at getting NFT animated series off the ground, as Vice covered in November. Though, iHeartMedia has the scale needed to truly take advantage of the IP inherent in their purchases. From Hot Pod on Thursday, “One of the unique features of these character-based NFT series is that they often hand IP rights over to whoever owns them. That means if you buy a Bored Ape, you can print your Bored Ape on a T-shirt, market that shirt online, put it on a billboard, and so on. Folks who believe in the NFT hype want to turn these collections i

Apr 3, 2022 • 11min
For Your Consideration: The Many Flavors of Sounds Profitable
We’re offering up a special treat for you today. You see, a lot of the Sounds Profitable crew was all at Podcast Movement Evolutions last week... and what a week it was! Think non-stop discussions about podcasting, ad tech, equipment, statistics... and more. This week, as we wind down from all the hype, networking, eating, and drinking that occurred in LA, Bryan's having some fun in Disneyland with his family, and Arielle's enjoying some time with family on the west coast. This episode is actually from an episode of another of our podcasts, called Sounds Profitable: Narrated Articles. And that podcast is what it says on the box—an article published on Sounds Profitable that’s narrated by the writer. In this case, it’s Bryan, walking you through the entirety of the Sounds Profitable family of shows. At least as they are today. Credits: Written by Bryan BarlettaCopy editing by Evo TerraRather read it? https://soundsprofitable.com/update/many-flavorsAudio engineering by Ian PowellSounds Profitable theme written by Tim Cameron Sounds Profitable: Narrated Articles is a production of Sounds Profitable. For more information, visit soundsprofitable.com.See omnystudio.com/listener for privacy information.

Apr 1, 2022 • 8min
Podcast CPMs Outpace Digital + 4 more stories for Apr 1, 2022
Today on The Download from Sounds Profitable; podcast CPMs blow digital out of the water, a leaked document reveals YouTube plans for podcasters, and iHeartMedia breaks into kids podcasting. In a development some industry veterans might not have seen coming when they got started in the industry: The Wall Street Journal has an article about podcast advertising. And what’s better: podcast CPMs are doing well. Last Friday WSJ’s Megan Graham published “Streaming Audio Climbs the Charts With Marketers, but Some Want More Certainty.” Graham’s 900-word report combines interviews with advertisers with data from sources like the Infinite Dial to give a birds-eye view of the industry. “In early 2021, some 68 percent of Americans aged 12 and older said they listened to online audio in the previous month, up from 47% who said the same in 2014, according to surveys conducted by Edison Research and Triton Digital.” Graham goes on to cite a Standard Media Index study showing podcast CPMs rose to $26 in Q3 2021, up four dollars from 2019. The piece covers some of the inherent issues with confirming the reach and success of a given podcast ad, but primarily presents a bright future to the industry through quotes from ad buyers big and small. While it’s not full of brand-new information that’d shock someone with an eMarketer bookmark, it does reflect a healthy and growing industry. And did we mention the Wall Street Journal is talking about podcasting? Last week we covered the developing story of TV ratings giant Nielsen, their pack of evolution, and a rejected buyout offer of six billion dollars. According to InsideRadio this Tuesday, Nielsen has sold for sixteen billion to a collective of private equity firms. “The Nielsen board voted unanimously to support the acquisition proposal, which represents a 10% premium over the consortium's earlier proposal and a 60% premium over Nielsen's stock price before the potential sale surfaced in early-March.” Barring any unforeseen interruptions, the deal is expected to close in the latter half of 2022. Now we wait to see if, as said last week on The Download, yet another third party incumbent for measurement and research becomes a proprietary service under new ownership. YouTube’s planning big things for podcast integration, monetization, and analytics, according to an exclusive scoop on Wednesday from Podnews. “Despite no announcement from YouTube’s director of podcasting, Kai Chuk, at Podcast Movement Evolutions last week, Podnews has been sent an 84-page presentation produced by YouTube, intended for podcast publishers. In it, three slides marked ‘Looking Ahead’ allow us a view into what YouTube is planning.” The most notable features of the leaked deck are a promise of RSS feed ingestion, monetization both through Google and approved larger partners, and they’re open to accepting podcast measurement solutions. The final comes with a promise to integrate YouTube data into “industry-standard podcast measurement platforms.” This is paired with the logos for Podtrac, Charitable, and Nielsen. Podnews offers the insight with “Chartable was bought by Spotify in February, so perhaps this slide shows companies that YouTube have worked with, rather than companies it might work with in future.” Shreya: Spotify is testing out one of its new toys in a new test integration of discovery platform Podz. As reported by Tech Crunch’s Sarah Perez on Monday, a Twitter thread from early adopter Chris Messina showcases the new feature. The Podz integration as of this writing is visually similar to algorithm-driven vertical feed apps like TikTok, providing Spotify users with a seemingly infinite virtual feed of sixty second audio clips from podcast episodes matched to show art, animated transcript, and episode information. “What made the company’s technology interesting is that it didn’t rely on podcast creators to produce their own clips for its feed. Instead, it used a machine learning model that had been trained on some 100,000 hours of audio to help automatically select clips to showcase.” As Perez points out in the article, Podz isn’t the first company to try and fix podcast discovery, but they were the first to be bought for almost fifty million dollars. Now their tech is being deployed for field testing on iOS devices. Time will tell how Spotify’s new automated TikTok for podcasts works out. Followers of The Download might remember our March 18th episode in which we covered a Hollywood Insider article about the booming business of making podcasts for children. That story continues to blossom as a big name in the industry has tossed their hat into the ring. As reported by Brad Hill on Tuesday for RainNews, iHeartMedia has teamed up with Collab Incorporated to create podcast network Curativity. The network has partnered with Jim Jacobs, known as Mr. Jim to his young audience, creator of Kids Animal Stories and Kids Short Stories. According to iHeartMedia’s press release, both of Jacobs’ existing series net over a million monthly downloads. In addition to onboarding existing content, Curativity has a new Jacobs-hosted Mr. Jim property called Spyology Squad scheduled to launch April 4th. This new announcement signals not only is children’s content catching the eye of big players in the podcasting industry, it’s interesting enough to provoke a rare iHeartMedia collaboration with a creative agency. Finally, it’s time for our semi-regular roundup of articles that didn’t make it into today’s episode, but are still worth working into your weekend reading. New Education Platform for the Audio Industry, all Delivered via Podcast - a press release via Podnews.A frustratingly difficult question about your podcast audience is about to get a lot less frustratingly difficult by Dan MisenerWebby Awards spins off podcast award program for 2023 by Brad Hill. The Download is a production of Sounds Profitable. Today's episode was hosted by Shreya Sharma and Manuela Bedoya, and the script was written by Gavin Gaddis. Bryan Barletta and Evo Terra are the executive producers of The Download from Sounds Profitable. Special thanks to Ian Powell for his audio prowess, and to our media host, Omny Studio.See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.

Apr 1, 2022 • 14min
What To Do When The Line Stops Going Up
The full Infinite Dial 2022 Presentation: https://www.youtube.com/watch?v=zf3CtkkUqgAMy Medium article, with a recap of the current state of podcasting for 2022: https://webby2001.medium.com/the-state-of-podcasting-in-2022-back-to-work-2b21583c33bcSpotify's new podcasting interface (from Podnews): https://podnews.net/update/spotify-new-ux Adori Labs: https://www.adorilabs.comSee omnystudio.com/listener for privacy information.

Mar 27, 2022 • 25min
Breaking Down 1st, 2nd, and 3rd Party Data
Today on the show, Bryan Barletta speaks with Tyler Blot, Director of Client Development at TransUnion about data -- 1st and 3rd party data, with a bit of 2nd party data thrown in there. They discuss the differentiating factors between the three of them and what you should know as an advertiser and consumer.Listen in to learn about: Transparency in data collectionHow and why your data is collectedWhy this conversation is important to have right nowAnd much more! Here's our favorite idea from this conversation: You have to do your homework. While your industry peers can vouch for a product to a certain extent, you won't be able to make your decisions until you read the fine print.Links: TransUnionTyler BlotThe DownloadSounds Profitable: Narrated ArticlesSquadCast Credits: Hosted by Bryan BarlettaCo-hosted by Arielle NissenblattAudio engineering and transcriptions by Ian PowellExecutive produced by Evo Terra of Simpler MediaSpecial thanks to James Cridland of PodnewsSounds Profitable Theme written by Tim Cameron See omnystudio.com/listener for privacy information.

Mar 25, 2022 • 10min
Unsavory Developments At Stitcher After Buyout + 5 other stories for Mar 25, 2022
Today on The Download; A new article shines light on unsavory developments at Stitcher after their buyout, Chartable is shuttering SmartAds, and this year’s edition of The Infinite Dial was unveiled at Podcast Movement: Evolutions. Last Friday, Tom Webster published an installment of I Hear Things titled Podcasting’s Most Controversial Statistic. The statistic in question relates to an experiment run by Edison Research’s Podcast Consumer Tracker. The parameters of the experiment were simple: discern how many networks an advertiser would have to buy run-of-network spots to reach at least half of weekly podcast listeners, accounting for unduplicated reach. Webster goes into great detail explaining unduplicated reach, something The Download’s writer does not feel qualified to condense further. “When we ran these numbers a year ago, we discovered that you could reach 50% of weekly podcast listeners if you bought every show on the top seven podcast networks.” Webster has run the same experiment again using Q4 2021 data and that number has now dropped to one only needing to buy out ad space on four podcast networks to confidently reach fifty percent of podcast listeners. Webster stresses the importance of collective action for smaller, independent podcasters who don’t have the same ad-buying power of the bigger players in the industry. “I have a day job (I am sure you do, too), but if indie podcasters don't find a way to organize and consolidate their buying power, some monetization options are just not going to be available for them. For you.” On Tuesday The Verge published How SiriusXM Bought and Bungled a Beloved Podcast Network. **With extensive reporting by writer Ashley Carman and bespoke illustrations, the piece tells the story of SiriusXM’s acquisition of Stitcher from the founding of comedy podcast network Earwolf in 2010 to today. The 2020 SiriusXM and Stitcher merger came with many beneficial changes for both companies. SiriusXM gets all the benefits of a successful podcasting company while the producers get access to SiriusXM-level budgets, enabling podcasts under the Stitcher banner to grow and improve. “But according to 13 former corporate employees across Stitcher who spoke with The Verge anonymously because of nondisclosure agreements and fear of retaliation, the merger was marked by confusion, culture clash, and shifting objectives. Around 145 people worked at Stitcher when it was bought, and since then, more than a quarter of them have left, The Verge found through LinkedIn.” Carman’s article continues at length to detail systemic issues plaguing all but the most successful content creators through the multiple buyouts that lead to SiriusXM’s difficult transition period. A period plagued with mismanagement and miscommunication to the point one Stitcher employee had to explain to a SiriusXM team member that RSS feeds aren’t constantly-live feeds. The piece is a masterclass in how not to handle merging two completely different companies. A new post on the Chartable blog has announced the inevitable: Chartable has made the first step in winding down services available to users not on Spotify’s Megaphone. Chartable co-founder Dave Zohrob writes: “With Chartable now a part of Spotify, we will be shifting our focus to building world-class publisher tools as part of the Megaphone platform. For our advertiser customers, that means that we will soon be deprecating our SmartAds product and will no longer be supporting advertiser campaigns on the Chartable platform.” SmartAds campaigns can still be booked through April 21st. The final day for new impressions tagged with SmartAds will be June 30th. In the final paragraph Zohrob clarifies Chartable publisher products aren’t going anywhere, as these shutdowns only affect advertising products. For those wondering why this wasn’t a surprise announcement, we recommend checking out February 18th’s edition of The Download when we covered an article about the Chartable-Spotify acquisition. Now for a pivot away from acquisitions: Nielsen has not been acquired by a private equity firm. The original story, posted last Thursday to The Drum by Hannah Bowler, details the struggles facing the aging monolith and asks if a buyout would help. Neilsen, once synonymous with television monitoring, has been slow to adapt to the rapid evolution of what people watch and how they watch it. Now their older methodology combined with pending lawsuits alleging inaccurate counting and fraud by concealment threatens the company. “For the industry to trust Nielsen again, president and chief executive at the VAB Sean Cunningham says it needs to deliver - here begins a nested quote from Cunningham - “deep disclosures and real transparency, commitment to the modernization that sharply increased competition demands and increased collaboration versus increased collision with their major clients.” Then, this Monday, the story developed further. Frank Saxe, writing for InsideRadio, reported the proposed deal was dead in the water. Nielsen referred to the offer as "unsolicited”. The company remains public. Even so, the near-miss of a buyout remains a sign of the times. We’re seeing the chipping away of a third party incumbent for measurement and research. With current trends there very well could be a future where a service even as big as Nielsen becomes a gated proprietary service. And finally, the one you’ve all been waiting for: on Wednesday,Thursday Tom Webster took to the Podcast Movement: Evolutions stage to present the 2022 edition of Edison Research’s The Infinite Dial. Over the hour-long presentation Webster and Wondery CEO Jen Sargent covered the plethora of industry data, a lot of which continues to trend upwards. “Seventy-three percent of the U.S. 12+ population (an estimated 209 million people) have listened to online audio in the last month, up from 68% in 2021.” Casual engagement with podcast listening is up as well, with sixty-two percent of the U.S. population over the age of 12 having ever tried a podcast, compared to just eleven percent in 2006. The seventy-side pdf and fifty minute video of the presentation might sound like a daunting task, but the Infinite Dial remains an invaluable source of data for the podcasting industry. Since The Download doesn’t have a must-read article recommendation segment this week, consider combing through the Infinite Dial to take up that space of three or four articles you’d have read otherwise. The Download is a production of Sounds Profitable. Today's episode was hosted by Shreya Sharma and Manuela Bedoya, and the script was written by Gavin Gaddis. Bryan Barletta and Evo Terra are the executive producers of The Download from Sounds Profitable. Special thanks to Ian Powell for his audio prowess, and to our media host, Omny Studio.See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.

Mar 20, 2022 • 29min
Brand Safety & Suitability: Explained
Today on the show, Bryan Barletta sits down with Brendan Kelly (director of ad quality measure) and Stacey Hultgren (senior manager of ad quality measurement) of SXM Media to break down the concepts of brand safety and suitability. How do advertisers determine what shows are brand safe and brand suitable for them? They also discuss a proposal that Brendan and Stacey recently brought to an IAB working group, focusing on how transcripts can be used to ameliorate the process of determining brand safety and suitability for podcasts and audio.Listen in to learn about: The different between brand "safe" and brand "suitable.What is the IAB and how can you join?Why Bryan, Stacey, and Brendan think there's still ample time to get in on the ground floor and make changes.Why transcripts are so crucial for advertisers to acquire and consider.And much more! Here's our favorite idea from this conversation: Bryan uses the recent example of the Applebee's ad running on CNN's wartime coverage of Ukraine to explain brand suitability.Links: The IABThe IAB tech labSXM MediaThe DownloadSounds Profitable: Narrated ArticlesSquadCast Credits: Hosted by Bryan BarlettaAudio engineering and transcriptions by Ian PowellExecutive produced by Evo Terra of Simpler MediaSpecial thanks to James Cridland of PodnewsSounds Profitable Theme written by Tim CameronYouTube | The Young TurksCNN Airs Corny Applebee’s Ad While Covering Russia-Ukraine War iabtechlab.com-Established in 2014, the IAB Technology Laboratory (Tech Lab) is a non-profit consortium that engages a member community globally to develop foundational technology and standards that enable growth and trust in the digital media ecosystem. Comprised of digital publishers, ad technology firms, agencies, marketers, and other member companies, IAB Tech Lab focuses on solutions for brand safety and ad fraud; identity, data, and consumer privacy; ad experiences and measurement; and programmatic effectiveness. Its work includes the OpenRTB real-time bidding protocol, ads.txt anti-fraud specification, Open Measurement SDK for viewability and verification, VAST video specification, and DigiTrust ide… Show moreSXM MediaSXM Media — The Best of Music, Podcast, and Satellite Radio AdvertisingThis is the best of audio advertising, all in one place. Experience the power of audio across music, podcast, and satellite radio. (27 kB)https://www.sxmmedia.com/pod.linkThe Download from Sounds ProfitableThe most important news from this week and why it matters to people in the business of podcasting. Brought to you by Sounds Profitable. (85 kB)https://pod.link/1608566100pod.linkSounds Profitable: Narrated ArticlesSounds Profitable is a weekly newsletter that covers both strategic and tactical changes to the business side of podcasting. Articles cover a range of topics, from podcast adtech to new revenue models to innovative business initiatives and is read by senior podcasting industry management, including CEOs and divisional heads. Our mission is not to make the information from the podcasting industry more accessible to everyone, and this podcast feed is an extension of that. Each episode is a human-narrated version of the articles we publish on our site and in our newsletter, typically voiced by the author.See omnystudio.com/listener for privacy information.

Mar 18, 2022 • 11min
Beer Gets Into Video Podcast Advertising + 6 more stories for Mar 18, 2022
Today on The Download from Sound Profitable; Beer gets into video podcast advertising, kids podcast business is booming, and an appeal to private marketplace deals over FAANG, and more. Production company Crooked Media has kicked off a campaign incorporating a purely visual sponsorship into Offline with Jon Favreau, and it’s from a sector not frequently seen in podcasting. Morning Brew’s Alyssa Meyers covered the story last Friday, shining light on a YouTube-focused partnership between Crooked Media and Blue Moon beer, a subsidiary of Molson Coors. “For Blue Moon, Crooked agreed to add title cards that say ‘presented by Blue Moon,’ along with the brand’s logo, to the start of each Offline YouTube episode, Crooked Media VP of commercial marketing and creative strategy Joel Fowler told Marketing Brew.” In addition to the title card and host-read ads in each video, Blue Moon will also buy YouTube ad space specifically on Crooked Media’s YouTube channel. Joel Fowler told Marketing Brew Blue Moon is the first “bigger blue-chip brands that you’re seeing come into the podcast space.” Fowler foresees more Fortune 500 companies embracing multi-media podcast ad campaigns in the near future. Disinformation detection company NewsGuard is looking to provide brand safety by uprooting disinformation in podcasts. According to reporting by MediaPosts’ Joe Mandese: “NewsGuard is said to be in talks with at least three of the ad industry’s big holding companies to fund the new podcast rating service, and would reap a six-month exclusive window as part of the deal.” Mandese connects a renewed industry interest in new brand safety tools for podcasts to the latest controversy surrounding the resurgence of COVID-19 disinformation on Spotify’s The Joe Rogan Experience. NewsGuard aims to provide a personal touch with physical human analysts to employ prior knowledge and context to determine a podcast’s veracity, building lists of safe or problem podcasts as time goes on. While initially NewsGuard’s attempt to adapt their blog fact-checkers for podcasting sounds noble, it raises some eyebrows. It’s a proprietary tool that’ll have six-month exclusivity for the anonymous holding companies funding the project. Their chosen hands-on approach also isn’t scaleable like other solutions currently in production, like that offered by Barometer. Unlike NewsGuard, Barometer is using the publicly-auditable GARM framework and isn’t focusing on exclusivity with a particular investor. It is *The Download’*s opinion that the brand safety problem needs not be solved with proprietary solutions, but with accessible and easily-replicated frameworks. Once again J. Clara Chan over at Hollywood Reporter has some fun developments in the podcasting world. Published last Tuesday, Chan’s The Booming Business of Kids’ Podcasting gives a rundown of the big-name attention kids podcasts are getting. “Podcasts in the kids and family category have seen a 20 percent increase in listenership since 2019, according to NPR and Edison Research’s 2021 Spoken Word Audio Report. Podcast adaptations of hit children’s shows are proliferating, while, conversely, film and TV studios are becoming involved earlier than ever to snap up podcast IP catered toward kids.” That 20% number is likely quite low, as discussed in Lindsay Patterson’s Medium blog on how the Kids & Family category needs an overhaul. Regardless of where the number’s at, it’s good enough to get some big movers interested in kids’ podcasting content. Spotify has produced a podcast spinoff of the viral hit toddler sensory videos CoComelon. GBH Kids is producing an adaptation to continue the recently-retired PBS Kids series Arthur. On the opposite side of the equation Warner Brothers is optioning the TV rights from Gen-Z Media’s unreleased podcast 20 Million Views. According to Ben Strouse, CEO of Gen-Z media while speaking to Hollywood Reporter: “Everyone’s looking for great IP, especially great family IP, which is what we’re counting on.” As YouTube, television, and every other form of media has discovered: making content to entertain kids is profitable. Now podcasting just has to thread the tricky needle of advertising to younger audiences with legislation like the Children’s Online Privacy Protection Act severely limiting traditional advertising practices. On Wednesday Michael Korsunsky published the incredibly thorough op-ed “How Publishers Can Lessen Their Dependence on FAANG” in a Wednesday op-ed for Adweek. Korsunsky opens with a quick recap of the alleged handshake deal in which Google offered Facebook perks like lower digital ad fees in exchange for Facebook’s support of Google’s Open Bidding program. News that gives the appearance the F and the G of FAANG are colluding. For those not looking at the transcript: FAANG is an initialism of the five biggest players in tech consisting of Facebook, Amazon, Apple, Netflix, and Google. Well, technically with Google becoming an Alphabet company the last letter should be A, but FAANA doesn’t have the same flair. Quirky names aside, Korsunsky’s not happy. “[T]he news is a betrayal of publishers’ trust and highlights yet again the overdominance of the walled garden; it should therefore be treated as a bellwether moment for all digital marketers.” Korsunsky thinks its high time to kick shadowy open marketplaces to the curb and embrace transparent, more direct transactions on private marketplaces. For more background on the perils of open-market programmatic, check out Michael Bürgi’s Digiday piece “Open-market video programmatic is rife with fraud, say buyers, further complicating an already-difficult marketplace.” What does this mean for podcasting? As an industry it’s best poised to expand with programmatic through private marketplaces, providing more transparency and better relationships than open marketplaces. If advertisers get on board with finding this solution more preferable outside of podcasting, it will likely bleed over to increased programmatic sales in podcasting Once again we bring shocking news posted to Twitter. On Monday Digital Content Next CEO Jason Kint posted a Twitter thread analyzing developments in a sizable privacy lawsuit against Google in Northern California courts. The court order calls for Ernst & Young, Google’s independent auditor, to immediately relinquish all files relevant to the suit. Google is also ordered to show cause as to why they should not be sanctioned in light of new information suggesting Google allegedly ordered Ernst & Young to withhold over six thousand sensitive documents relevant to the case. “It’s a bad look for E&Y to be playing this way for Google considering they perform much of the auditing across the advertising industry.” In addition to the advertising industry implications, Ernst & Young is one of the primary auditing firms for certifications, like those through IAB. Continuing The Download’s tendency to experiment and grow, we’ve got two new segments that don’t quite have names just yet. We’re working on it. First up, a brief recap of podcast company funding rounds of note over the last week. On Tuesday Libsyn landed 4.75 million in new equity financing. And as broken in Monday’s Podnews, podcast startup Kaleidoscope secured 3.5 million in funding, as well as a six-show deal with iHeartMedia. For this second and final segment, we want to branch out our occasional honorable mention into a regular highlight of multiple stories we couldn’t fit into today’s episode but are absolutely worth your time to read in full. With that in mind, here are this week’s three must-reads: The Care and Feeding of a Podcast Audience by Tom Webster. Women Podcast Listeners: What We Know Right Now by Caila Litman.Big Tech Always Fails at Doing Radio by Matt Deegan, which might be of special interest to those who remember our coverage of the Amazon AMP app last week. The Download is a production of Sounds Profitable. Today's episode was

Mar 18, 2022 • 13min
Podcasting's Most Controversial Statistic
Sorry about all the police sirens. I wasn't arrested. No, I had to record this on St. Patrick's Day. In Downtown Boston. It's like Christmas, but for alcotourists.Register for the 2022 Infinite Dial presentation here: https://www.eventbrite.com/e/the-infinite-dial-2022-tickets-290830069567?aff=edisonnewsletter&__s=xxxxxxxSupport for I Hear Things can be provided at https://www.buymeacoffee.com/TomwebsterSee omnystudio.com/listener for privacy information.