Sounds Profitable

Bryan Barletta
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Feb 27, 2022 • 40min

Radio Teaching Podcasting Lessons w/ Pierre Bouvard

Pierre Bouvard, Chief Insights Officer at Cumulus Media, is on the show today to speak with Bryan Barletta about what podcasting can learn from radio and other legacy media. Bouvard develops media and marketing insights to support Cumulus's 1300+ media sellers. He works with brands and agencies to craft targeting and measurement solutions. As always, Arielle Nissenblatt joins Bryan at the top of the show to introduce the conversation. She then rejoins after the chat to break it all down, giving listeners actionable next steps. Listen in to learn about: Bryan and Arielle's favorite radio stationsWhy Bryan and Pierre think ads should be no longer than 90 secondsHow to write impactful ad copy for audioWhat the listening public really thinks about ads on their podcasts (i.e. did you know they'd be ok with more?)Listener behavior as it relates to advertisement consumption on podcasts and on radioAn instructive note from Bryan about updating your pitch decks!And much more! Here's our favorite idea from this conversation: The job of advertising is to help a brand or product be known before they’re needed. Links: The DownloadSounds Profitable: Narrated ArticlesPierre BouvardCumulus MediaSignal Hill InsightsSubmit to The PodscapePodsightsSquadCast Credits: Hosted by Bryan Barletta and Arielle NissenblattAudio engineering by Ian PowellEvo Terra is the executive producer of Sounds Profitable: Adtech AppliedSpecial thanks to James Cridland of PodnewsSounds Profitable Theme written by Tim CameronSee omnystudio.com/listener for privacy information.
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Feb 25, 2022 • 7min

Libsyn Grows Monetization + 4 more stories for Feb 25, 2022

Today on The Download, Libsyn grows monetization, LinkedIn launches a podcast network, and what the new Privacy Sandbox feature for Android means for marketers. Let’s get started. Libsyn has bought another podcast representation firm, this time acquiring PAR - Podcast Ad Reps. With the acquisition LibSyn brings around 120 podcasts that were currently under representation with PAR under the LibSyn-owned AdvertiseCast banner, further building out the company’s monetization arm. According to Libsyn CEO Brad Tirpak in the official press release: “With the acquisitions of AdvertiseCast in June 2021 and now PAR, Libsyn is well-positioned to continue to rapidly scale in the podcast advertising market, which PWC estimates will reach around $3.5 billion by 2025. We plan to continue to invest in our award-winning hosting platform, expand both our host-read and programmatic advertising efforts, and look for new ways to make Libsyn the preferred destination for both creators and advertisers.” All of this continues to show another side of Libsyn, a company that previously swore it would never have a free hosting platform and was anti-targeted advertising is now a large, tech-focused ad platform. Australian podcast producer LiSTNR has branched out into audio fiction. From Radio Today’s Kim Napier: “LiSTNR is investing in audio fiction with book adaptations by Australian authors to bring audiences compelling audio stories, with Bryden Media casting Australian actors to deliver the stories in different podcast formats as episodic series or audio movies.” Both LiSTNR’s slated audio movies and standard serialized audio fiction podcast adaptations reflect a building synergy and momentum between podcasting and publishers, two factions that’ve circled each other since before the coining of the term podcast. Until now audio fiction as a genre has remained a largely under-utilized sector of podcasting. With industry moves like this, we could be seeing enough momentum building to change that for the better. Over on The Rebooting’s Substack newsletter, Brian Morrissey has published a piece titled “End of an era of ad targeting: Publishers will need closer ties to their audiences.” In addition to being an excellent overview of privacy on the web and how business has worked to take full advantage, Morrissey stresses the importance of adapting with changing tech. “Primary-engagement media will gain. As I’ve written, I believe the next phase of digital publishing will favor quality over quantity in terms of audiences. Those publishing brands that put community at their core will thrive since it easily lends itself to a direct relationship that will make those audiences far more valuable than a random collection of people who mindlessly tapped a link on their Facebook feed. There’s a reason that Squarespace found podcasts such an efficient way to acquire customers. The newsletter boom is a signal of where publishing is going.” Morrissey reflects on the very first ad sold on the internet circa 1994 as a reflection of how much online marketing has changed and what modern advertising can learn from the mistakes made back then that’re still made today. It’s time to update that profile you’ve been neglecting. Business-focused social media network LinkedIn launched a podcast network on Wednesday. The network has a dozen shows at launch that, according to protocol’s Veronica Irwin will, “...cover topics ranging from mental health to startup trends. With the announcement, LinkedIn joins the ranks of tech companies attempting to become the favorite hub of content creators and influencers.” The social network’s launch appears to have gone incredibly well, with their flagship show “Hello Monday,” gaining 4 million downloads in its first day. Over on Digiday, Ronan Shields and Seb Joseph have made a post aiming to decode the implications of Google’s nebulous new Android feature Privacy Sandbox for advertisers. “The main takeaway: Google says it will work with the industry to establish a set of technical standards that will enable ad targeting and measurement online after traditional targeting tools, like mobile identifiers, are retired on its Android devices. Why is this important? It’s pitched as the inverse of Apple’s own scorched earth plan to do something similar.” While Privacy Sandbox might be of some concern eventually, maybe, Shields and Joseph’s interpretation of existing news suggests: “...marketers needn’t panic over the latest announcement.” At the risk of this becoming a regular segment, we’ve got another article the staff of The Download recommend checking out. This week:  “What is Podcasting 2.0, and why is it important” by Podcode’s Mark Steadman. While ostensibly written for podcasters, namespace changes are something the people in the business of podcasting need to be aware of, if not outright adopt. Steadman’s primer on podcasting 2.0 is a great start. 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.
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Feb 20, 2022 • 36min

Solving For Pain Points w/ Sean Howard

Sean Howard, founder of Flightpath and of Fable and Folly, talks with Bryan about solving for pain points in adtech, collaboration with your competitors, and how we're truly only at the beginning of podcasting.  Sean Howard of Flightpath Credits: Hosted by Bryan Barletta of Sounds Profitable - bryan@soundsprofitable.comand Arielle NissenblattAudio engineering by Ian PowellExecutive produced by Evo Terra of Simpler MediaSpecial thanks to James Cridland of PodnewsPodcast hosting and dynamic insertion wizardry by WhooshkaaSounds Profitable Theme written by Tim CameronSend us messages with Yappa!Join the Podscape Podcast: https://bit.ly/3rHLxgDCheck out The Download: https://omny.fm/shows/the-download-from-sounds-profitableSee omnystudio.com/listener for privacy information.
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Feb 18, 2022 • 9min

Amazon Exclusivity Deals Galore + 4 more stories for Feb 18, 2022

Today on The Download, Amazon continues their streak of signing exclusivity deals, agents are becoming more of a common site in podcasting, and Spotify buys both Podsights and Charitable. Good news for those who missed Ad Result Media and Edison Research’s big webinar on 2021 data from Super Listeners: Caila Litman live-tweeted the event! Litman, author of Sound Profitable’s column #GoodData, posted a thread of 17 tweets containing screenshots and quotes full of juicy data. According to the thread, podcast power users are eagerly engaging with podcast advertising. 74% Super Listeners are visiting a product or service’s website after hearing it promoted on a favorite podcast. 53% of those listeners agree they have a more positive opinion of a company when it’s mentioned on a podcast they regularly listen to. A 9% increase from 2019 data on the same question. After last week’s Amazon-heavy coverage we’re mixing things up with... another Amazon acquisition! Amazon Music and Wondery have signed How I Built This with Guy Raz. The deal gives Wondery exclusive ad sales and YouTube distribution rights for simulcasts while all new podcast episodes will have Amazon Music exclusivity for one week. Meanwhile, NPR keeps radio distribution rights and underwriting credits. In addition, How I Built This will ramp up to a twice-weekly upload schedule. Amazon’s just getting started in podcasting and deals like this indicate podcast ads are clearly working for them. In addition, their premium Wondery+ subscriptions in their own bespoke app and through Apple Podcast subscriptions are working well enough to continue obtaining more timed exclusive content. Now we find Amazon at an interesting moment in regards to acquisitions. They’ve got Art19 for tech, Amazon Music for distribution, and Wondery to produce and publish content. Their biggest space for growth is ad sales, something that might change if their offer to buy Audioboom is chosen over competitor Spotify. If big green gets the company, they effectively buy a company that does something they can already do well. Buying Audioboom would effectively eliminate competition in their field. If Amazon gets the purchase they get closer to a full package of podcast monetization that will become incredibly hard to compete with. For brevity’s sake, we’ve combined two stories into one segment, as iHeartMedia appears to be in the mood to form partnerships this week. Partnership number one: iHeart partners with Sounder to bring brand safety to audio. At the moment, all current brand safety and suitability solutions are built for text. If one wants to turn one of those services on for podcasting, the podcast has to be transcribed. This partnership provides similar value to what Adswizz and Acast implemented with Comscore to contextually categorize their inventory for targeting and brand suitability. This is just a first step, though, as the data has to be actionable by buyers, sellers, and planners in their tools directly. As things currently stand, it feels like the overall podcast industry would benefit more from building a unified framework to tackle this problem than everyone splitting off and doing duplicate work to build their own solution. And partnership number two: iHeart is looking to broaden its global podcast outreach by partnering with Veritone to use their translation and synthetic voice AI tech to, as Brad Hill reports on RAIN News “translate and synthetically voice iHeart’s leading podcasts for Spanish-speaking markets.” With this Veritone partnership, iHeart is on track to be able to have their more popular podcasts available in global markets via synthetic translated voices. Our Valentine’s gift this year is an article from The Hollywood Reporter’s J. Clara Chan interviewing talent agents tasked with signing big podcasts. Podcasting is growing fast and a big sign of that is the prevalence of agents. Behind every big acquisition story is an agent getting into a relatively new field and helping the producer. With the industry growing at an exponential rate podcasting has a growing need for representation and agents seem to be stepping up to rep shows big and small. Chan reports: “As Hollywood fully buys into podcasting, multimillion-dollar deals are the norm for the crème de la crème of shows, while a growing audio advertising marketplace has allowed more podcasters to make a good living off their work as the industry is expected to exceed $2 billion in ad revenue next year. The major talent agencies have jumped on the train and are building out their audio divisions, with agents increasingly working on podcast deals with clients.” The big players in podcasting are chasing the new trend of acquiring IP to adapt, and agents are taking notice. Finally, the biggest news in podcasting this week: Spotify has purchased both Podsights and Chartable. With the acquisition, the podcast measurement service Podsights will remain available to the public. Quoting from Tech Crunch’s Sarah Perez: “After Chartable is fully integrated into Megaphone, Spotify will deprecate the standalone Chartable platform. Until then, however, it will remain available to both new and existing publisher and advertiser clients.” Here’s what Sounds Profitable’s own Bryan Barletta had to say in Podnews: “Third-party analytics and attribution are critical to a growing advertising ecosystem. In podcasting, Chartable and Podsights were two of the three core providers that helped drive that point home. Spotify has bought great technology and acquired an all-star technical and sales talent, but these companies are no longer third-party solutions due to Spotify’s role as a publisher, hosting platform, and ad seller. Just like with Adswizz’s attribution pixel and the Triton ranker, these solutions can still add value, but with this acquisition, they now lack the ability to be seen as truly neutral.” And finally, in a rare ‘honorable mention’ section, The Download tips its proverbial cap to Alyssa Myer. Thanks to her efforts, we’re seeing more detailed coverage of podcast advertising. If you haven’t checked out her coverage of advertisers experimenting with programmatic ads over on The Morning Brew. Get to it! 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.
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Feb 13, 2022 • 28min

Programmatic and Transparency w/ Jordan Bentley

Jordan Bentley, Founder of Audiohook, talks with Bryan about transparency, waterfalls, programmatic advertising, and how Podcasting still has a chance to start things the right way to lead to a better future. Jordan Bentley of Audiohook Credits: Hosted by Bryan Barletta of Sounds Profitable - bryan@soundsprofitable.comand Arielle NissenblattAudio engineering by Ian PowellExecutive produced by Evo Terra of Simpler MediaSpecial thanks to James Cridland of PodnewsPodcast hosting and dynamic insertion wizardry by WhooshkaaSounds Profitable Theme written by Tim CameronSend us messages with Yappa!Join the Podscape Podcast: https://bit.ly/3rHLxgDCheck out The Download: https://omny.fm/shows/the-download-from-sounds-profitableSee omnystudio.com/listener for privacy information.
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Feb 11, 2022 • 7min

SmartLess Media Launch + 4 more stories for Feb 11, 2022

Today on The Download: Today: Amazon inherits a celeb-powered podcasting company, new ad revenue numbers forecast good news for podcast investment, and a new op-ed asks where has Facebook’s fervor for podcasting gone? Celebrity chat podcast Smartless, hosted by Jason Bateman, Will Arnett, and Sean Hayes, recently launched production house SmartLess Media. With former Jon Stewart-era Daily Show producer Richard Korson at the reins as president, SmartLess Media is poised to add multiple new stars to the relatively small constellation of Amazon-owned podcasts.  The new company has sprung into existence following a prior deal in which the trio of celebs licensed the podcast SmartLess to Amazon Music and Wondery in a deal, as reported by Deadline’s Peter White, “thought to be valued at between 60 million to 80 million.” According to White, this deal also extends to shows created by the fledgling production house, meaning SmartLess Media’s promised slate of “weekly series, narrative, and limited podcasts,” are subject to first-look exclusivity with Amazon.  It appears through careful future-proofing and investment during the licensing deal when SmartLess was just one podcast feed, the shopping and streaming conglomerate has inherited a celebrity-fronted production company wholecloth. And they continue to have rights to the original product’s momentum, which currently fuels a cross-country live tour set to wrap up this weekend.  Speaking of Amazon: in a first for the company, Amazon has broken down its advertising revenue as a distinct category instead of bundling it with other earnings. The decision to do so now and not last year when they posted a ten billion profit increase from 2020 to 2021 remains unseen, but we’ll take it. According to Business Insider “at $9.7 billion in the quarter, up 32% year-over-year, ad revenue was one of Amazon's fastest-growing areas.” With their fostering SmartLess from a simple podcast acquisition into a brand-new source of content production, Amazon appears to show no sign of slowing growth in media properties that can help fuel this advertising boom. Amazon’s continued heavy spending in podcasting could be an indicator they believe in the medium’s ability to help continue ad revenue growth.     Continuing the theme of growth: eCommerce is on the rise globally. Sara Lebow of eMarketer provides statistics breaking down the top ten countries with the biggest increase in ecommerce made over any internet-capable device that excludes travel, bill payments, gambling, food service, or anything that falls under the “vice good” umbrella.  To quote the article: “The Philippines and India will lead the world in retail ecommerce sales growth this year, with respective increases of 25.9% and 25.5%. Countries in Latin America and Southeast Asia will make up most of the top 10 list, while the last spot will go to the US, the only advanced economy to slide into the rankings, with 15.9% growth.”  A significant portion of podcast advertising is still direct-to-consumer and significantly focused on the US. The country that’s coming in tenth out of the top ten. That, combined with emerging podcast markets or strong pre-existing histories with audio in countries represented in the top nine shows podcast advertising has room to grow. Growth that might shift to bucking the existing status quo of purely targeting North American customers.  New podcasting app Fountain aims to make things easier for podcasters to receive tips from their audience in the form of Bitcoin Lightning, a system simplifying the process of transferring one hundred millionths of Bitcoin between users.  The biggest barriers to entry for such a scheme have been the need of a digital wallet, the process of buying crypto for said wallet, and the ID of another person’s wallet to be able to transfer the crypto to an intended recipient.  While those hurdles still exist for the person intending to send the money, startup Fountain solves the initial problems for podcasters on the receiving end of Value 4 Value transactions by creating a wallet on their behalf. Several larger podcasts have embraced the service, including Jack Rhysider’s Darknet Diaries. In this week’s Hot Pod Insider, Ashley Carman published an op-ed about Meta (nee Facebook), their profit woes, and the question mark that leaves for Facebook podcasting.  Carman writes: “I wondered if brands would start spending more money on podcast ads simply because Facebook’s aren’t as powerful. Maybe that’s worth another check-in, but instead, I’m now wondering how this tech informs Facebook’s decision to pursue podcasts on its platform.”  With the social media giant reporting a decline in users for the first time in its existence alongside declining profits, a second “pivot to video,” and a full-throated commitment to rebranding VR gaming headsets as office supplies, Facebook’s previous interest in embracing podcasts seems to have been lost in the shuffle. Quote “I’m unclear where that team stands or what they’re doing. Did they pivot to the metaverse?” The Download is a production of Sounds Profitable! Today's episode was hosted by Evo Terra and Manuela Bedoya. Bryan Barletta is the executive producer. 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.
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Feb 6, 2022 • 37min

Disinformation and Ad Accountability w/ Claire Atkin

Claire Atkin, co-founder of the brilliant non-profit Check My Ads, talks with Bryan about disinformation, ad accountability, and the steps you should be taking to make sure your brand is being seen where you want it to. Claire Atkin of Check My AdsLink discussed in Episode:https://checkmyads.org/branded/ Credits: Hosted by Bryan Barletta of Sounds Profitable - bryan@soundsprofitable.comand Arielle NissenblattAudio engineering by Ian PowellExecutive produced by Evo Terra of Simpler MediaSpecial thanks to James Cridland of PodnewsPodcast hosting and dynamic insertion wizardry by WhooshkaaSounds Profitable Theme written by Tim CameronSend us messages with Yappa!Join the Podscape Podcast: https://bit.ly/3rHLxgDCheck out The Download: https://omny.fm/shows/the-download-from-sounds-profitableSee omnystudio.com/listener for privacy information.
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Feb 4, 2022 • 9min

Is The IAB On Borrowed Time? + 4 more stories for Feb 4, 2022

Today on The Download: is the IAB on borrowed time?, podcast ads see big gains again, Google makes misinformation less profitable, podcasts grow globally, SXM enters the identity game, and Spotify stands behind Rogan even as earnings fall. Let's get started. Neilsen spells doom for IAB In the world of TV, Nielsen measurement has been the defacto solution that deals are guaranteed against for decades. But now, according to https://digiday.com/future-of-tv/advertisers-tv-networks-plan-to-set-nielsen-alternatives-as-shadow-currencies-in-this-years-upfront-negotiations/ and for some publishers and campaigns, replacing them completely. Nielsen took its fair share of lumps last year, with the https://www.adexchanger.com/tv-2/an-update-on-nielsens-re-accreditation-journey-and-whats-next-for-the-mrc/#:~:text=In%20late%20August%2C%20the%20MRC%27s,media%20companies%20finally%20boiled%20over.&text=The%20MRC%20released%20its%20final,measurement%20standards%20in%20September%202019.. And with their newly announced plans for Nielson One, a cross-measurement product, there is a lot of comfort in using new measurement partners in parallel to compare to current Nielsen reporting, while publishers determine their path forward. Incumbent measurement solutions are incredibly hard to shake, and this change in the TV landscape doesn’t mean that overnight, Nielsen won’t be the primary solution or that they’ll ever necessarily lose that top spot. But it does mean that any measurement solution that represents an industry can and should be challenged, to better represent the industry and all those participating in it. IAB measurement of podcasting may be the default today, but we should always keep an open mind to better opportunities. Podcast Ads See Big Gains—Again! Good news for the podcast advertising industry! https://www.advertisecast.com/podcast-advertising-rates Their most recent study of the 2,515 podcasts tracked shows that aggregate or the average CPM is now $25.37, which is up from $22.50 this time last year. Doing the quick math shows that’s an increase of 12.7%. Nice And the news is even better for shows with the largest audiences. According to AdvertiseCast’s data, shows that see over 100K downloads are getting an average of $23.08, up from $20.09 a year ago. That’s a 14.6% increase year over year, and great news for the growing value of podcast advertising. CheckMyAds Makes Misinformation Less Profitable The nonprofit adtech industry watchdog CheckMyAds continues to gain traction on holding platforms accountable for monetizing disinformation content. https://www.mediapost.com/publications/article/370781/google-stops-serving-ads-to-website-of-fox-news-ho.html?utm_source=newsletter&utm_medium=email&utm_content=headline&utm_campaign=125147&hashid=u70GlKs7RsqyAMPsHBEpeg. This comes just a week after YouTube permanently banned Bongino from the platform for, you guessed it, repeated violations of YouTube’s COVID misinformation policy. Quoting from the piece: It is not clear how much revenue Bongino will lose as a result of the Google Ads and YouTube bans. However, as Engadget noted, https://twitter.com/catthekin/status/1487108665513439240?s=20&t=P7thsM49qVb6LebdNzOD1Q, co-founder of the digital disinformation-fighting nonprofit https://checkmyads.org/, tweeted that Gateway Pundit lost $1.1 million in annual revenue after its Google AdSense account was revoked for spreading COVID and election misinformation. Quick side note: Clair Atkin is my guest on the next episode Sounds Profitable: Adtech Applied, if you are not already subscribed. What’s most interesting is Google, at least with their ad platform, doesn't have to make a decision on whether to censor content or not. Instead, they make the decision whether or not to fund it through their ad solutions. So sure, you can say anything you want on your own platform. But with this move, Google is saying pick someone else to make it profitable, a trend we hope to see echoed through all of media. Growing Podcasts Globally Every indicator shows podcasting has had a heck of a growth trajectory over the last few years. But even though we count our numbers now in the millions, it’s still dominated by English-speaking podcasts. But that may be changing. In https://digiday.com/media/how-podcast-publishers-and-platforms-are-working-to-grow-non-english-language-audiences/. Quoting from the piece: Of the 600,000-plus podcasts that launched in 2021 [that had declared] a language [in the RSS feed], a majority – 53% – tagged a non-English language, according to [Dave] Zohrob [of Chartable]. By contrast, in 2020 less than half of the 900,000 new podcasts debuted in 2020 were in non-English languages. Knowing that the majority of new podcasts launched last year are presenting information in a language other than English is a huge turning point for the global-ness of podcasting, which should be welcome news for any podcasting business looking to expand their global footprint. SMX’s AudioID The impending death of the third-party cookie and the degradation of mobile device IDs has been the backbeat of the advertising industry for the past two years. But until this week, with Facebook shares dropping over 20%, the impacts have been far more fearmongering than fact. Technology’s focus on privacy means a more transparent world, and at the forefront of data collection for advertising is the concept of unified ID’s, which relies heavily on consensually provided data from signed-in users, something we tend to assume doesn’t apply to the greater podcasting space, as Apple, Google, Spotify, and Amazon aren’t keen on sharing that data. https://podnews.net/press-release/audioid-siriusxm “We are entering a new era of identity – both in culture and in technology – that defines us not by who we are on paper or the cookies we leave behind, but by our interests and passions. AudioID is a consumer-first, privacy-conscious infrastructure that will deliver our audiences the best experiences and give marketers access to data-driven capabilities like never before,” said Chris Record, Senior Vice President and Head of Ad Product, Technology & Operations at SXM Media & AdsWizz. While the reach has yet to be determined, and public access to the framework has not yet been made available, this is incredibly encouraging growth in an area of podcasting we’ve previously considered stagnant. Spotify Stands Behind Rogan Even As Earnings Fall And finally, yes… some news on Spotify’s Joe Rogan “problem”. We know you’ve heard all about it, but we were waiting for Wednesday’s scheduled earnings call to bring it up. And we’re glad we did. https://www.marketwatch.com/story/spotify-stock-plunges-as-forecast-for-streaming-subscribers-comes-in-low-amid-controversy-11643836893?rss=1&siteid=rss: “Spotify Technology SA executives said Wednesday they expect fewer subscriber additions in the first quarter than Wall Street expected, sending shares spiraling lower, but they contended the forecast miss was not because of recent controversy. Spotify guided for 1 million fewer net subscriber additions in the first quarter of 2022 than analysts expected, and did not provide an annual forecast as they have in the past. Shares dove more than 18% in after-hours trading immediately following the release of the report Wednesday, though they rebounded to a loss of less than 10% after Spotify’s chief financial officer gave a bit of color on expectations for the year in a conference call.” But the big question we have in podcasting is how much, if any, of the miss in projections can be attributed to protestors who take exception to Rogan’s comments? When Spotify founder Daniel Ek was asked specifically is these misses were impacted by recent customer cancellations related to the Rogan controversy, Ek said “Um, no.” and that “the easy answer is we don’t reflect any churn from the recent Joe Rogan thing in general. What I would say is it’s too early to know what the impact may be. And usually when we’ve had controversies in the past, those are measured in months and not days.” But Owens goes on to note: “Spotify stock has suffered during the controversy, falling 18% so far this year, but that continued a previous downward trajectory. Shares have declined 44.4% in the past 12 months, as the S&P 500 index gained 18.8%” Watch this space as this continues to unfold. The Download is a production of
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Feb 4, 2022 • 8min

Scattered To The Wind

Register for the Super Listeners webinar (free presentation on Feb 16)We WANT TO BE FREE: https://www.youtube.com/watch?v=xsHly9UuQ-ASupport the show at Buy Me A Coffee!See omnystudio.com/listener for privacy information.
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Jan 28, 2022 • 8min

HBO Gets Serious About Podcasting + 4 more stories for Jan 28, 2022

Today on The Download: is the IAB on borrowed time?, podcast ads see big gains again, Google makes misinformation less profitable, podcasts grow globally, SXM enters the identity game, and Spotify stands behind Rogan even as earnings fall. HBO Max is Hiring For Their Podcast Marketing Team Subscription streaming video service HBO Max continues to prove its serious about podcasting. Their first venture into the space dropped last summer with Batman: The Audio Adventures, an exclusive podcast that could only be listened to in HBO Max app itself.While HBO maintains podcast channels on Spotify and Apple for related content, just like their peers at Netflix, this is the first podcast to be exclusively hosted in a subscription video streaming app.Now, they're looking to hire a new role, specifically for podcasting under the HBO Max brand. The role is for a Sr. Analyst, Direct-to-Consumer, Podcasting Strategy & Operations, and will “provide strategic and analytic support on various projects covering direct-to-consumer and HBO Max Podcasting initiatives.   Interactive Voices Lack Diversity If you missed CES 2022 because... well, reasons; you probably saw a plenty of breathless reporting of new prototypes and maybe-coming-in-the-future tech. Steve Keller, Sonic Strategy Director for Studio Resonate, SXM’s audio-first creative consultancy has an in-depth piece on things he noticed at the event of interest to audio people like us. Like a lot of tech around the explosion of interactive voice systems. But he also noticed something else: Quoting from the piece: But something was missing. Innovation aside, the lack of sonic diversity in the voice sector was disturbing. [P]ractically all the AI voices we heard at CES 2022 were female—and white. In fact, the only voice assistant of color heard was during a series of sessions focused on voice technology, curated and moderated by attn.live CEO, Ian Utile. Multiple panelists affirmed that there’s an underlying problem with the overwhelmingly white, male demographics of the AI world who are unconsciously programming biases, sonic color lines, and digital discrimination into voice systems. As a result, the default voice of automotive assistants, connected homes, and a plethora of other devices is white. The issue is compounded by the fact that these assistants, designed to serve us, are also predominantly female. It’s a systemic problem, and developers and brands need to work harder to sonically diversify their voice systems, as well as the designers, engineers, and developers who create them. With DEI so high on the priority list for most companies, it’s surprising this problem exists. No, wait. It’s not surprising at all, is it?   Google’s Federated Learning of Cohorts Replaced by Topics While third-party cookies aren’t part of the information we receive from listeners in podcasting, they are a big part of the device graphs we use to augment what we do receive and improve how we run attribution. So while Safari and Firefox kicked them completely to the curb in 2020, Google has pushed out their deadline for when they’re twilight third-party cookies until 2023. And their original pitch, Federated Learning of Cohorts, or FLoC for short, has now been scrapped for what they’re calling Topics. FLoC grouped audiences based on their browsing activity at a very granular level, where Topics focuses on applying a list of topics, starting at around 300 but expected to be in the thousands, directly to the individual. Only the top three most prevalent Topics will be available for targeting and identification, but what’s really interesting is that they expire every three weeks, keeping them increasingly fresh and relevant. Topics fit in nicely with the contextual offerings that podcasting is primed to offer advertisers if we continue to prioritize transcription and contextual targeting.   Podcasting Only Looks Hit-Resistant If you somehow avoided the kerfuffle over the Bloomberg Article where Lucas Shaw reported on podcasting’s inability to generate a current hit... well, I’m not sure how you did. There have been a lot of hot takes on the article, but one worthy of your attention was penned by Tom Webster in his weekly newsletter, I Hear Things.It’s a fascinating read, with Tom pointing out that other mediums, like movies, television programs, and music all have the same “problem”. They just present differently. Examining the top movies from last year, Tom notes: Even if you go further down the list from the top 10, it's sequels, movies based on existing properties, and remakes. Is it fair to say that the movie industry hasn't produced a new hit in years? No--all the above movies are new movies, but they are familiar at the same time. He goes on to make a similar case for popular television programs - The Bachelor season 26, anyone? - and even music, going so far as to craft metaphors around melody and harmony to predict a hit. Working that back to podcasting, Tom says: Podcasting is, by its very definition, a medium that largely lacks harmony. When you can listen to a podcast anytime, there is little compunction to listen to them at any given time. They are always there--convenient, but rarely urgent. In other words, asynchronous. And they also currently (though not by definition) lack melody. The whole medium is new to so many people, and even for veteran listeners, there isn't exactly the equivalent of NCIS: New Orleans or Thursday Night Football or The Traveling Wilburys--that thread of familiarity that telegraphs immediately: if you like this, you will like that. Even some of the biggest hits of podcasting aren't easily explainable to a friend. That's part of why there is such a spate of celebrity podcasts right now. What is easier to describe to people: It's the Michele Obama podcast, or "it's the podcast that reveals the stories behind the world's most recognizable and interesting sounds. Check out the entire post for insights on why Tom thinks the article that made such waves was a little unfair little wrong, but ultimately right-ish. Links in the episode details, as always.   Amazon Expands Ad Sales Efforts Amazon Advertising was responsible for generating $23bn in revenue for the first three quarters of 2021, nearly double the $13.5bn generated in that same period for 2020. How’d they do it? By shifting their focus to pursuing major brands, agencies, and holding companies looking to focus on awareness with their large customer sales team.Joshua Kreitzer, founder and CEO of Channel Bakers, an Amazon-focused ad agency tells Digiday With this change, the Amazon large customer sales team is no longer focused on shopper marketing dollars — they're now responsible for breaking through to the $70 billion TV market. While selling advertising to Amazon’s clients actively selling products on Amazon.com is still part of their focus, they’re now providing a bigger brand play by being able to offer inventory across Twitch, Fire TV, IMDb TV, and their podcast companies Art 19 and Wondery. Amazon has an immense amount of first-party data, from all their apps and services that require a login, so coupled with the technology they integrated from acquiring attribution company Sizmek and their AWS infrastructure, they have the potential to provide insights competitive to Google and Meta. The Download is presented by Sounds Profitable and is hosted by Bryan Barletta and Evo Terra. Audio editing by Ian Powell. SA81NiPbZ3KByWl3qVE3See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.

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