
Trapital
Trapital is where technology meets culture. Hear breakdowns on the most important trends in tech, media, and entertainment. Trapital founder Dan Runcie and various guests break down the moves that shape the rest of society. Learn more
Latest episodes

Apr 14, 2025 • 19min
How TikTok Got Caught in the Trade War
Peter Sinclair, Co-founder and CEO of BeatBread, specializes in providing financial solutions for artists. He discusses TikTok's precarious position amid the U.S.-China trade war, exploring its cultural and commercial implications. The conversation highlights the potential outcomes for TikTok, from ownership changes to possible bans. Sinclair also introduces beatBread's innovative Deal Comparison Tool, which helps artists and labels analyze financial options for better decision-making in the music industry.

Apr 10, 2025 • 36min
Inside Spotify’s $10B Payout to the Music Industry
Sam Duboff, Spotify's Head of Marketing & Policy for Music, dives into the complexities of music payouts revealed in the Loud and Clear report. He discusses Spotify's impressive $10 billion contribution to the industry, emphasizing the financial benefits for independent artists who now earn over 50% of total payouts. The conversation also covers the evolving role of major and emerging artists in the streaming era, the challenges of artist contracts, and the importance of transparency in shaping a fairer music ecosystem.

Apr 7, 2025 • 33min
Streaming Growth Slowed Down. What’s Next?
Mark Mulligan, CEO and founder of MIDiA Research, unpacks the complexities of the 2024 music streaming landscape. He discusses how growth trends vary between major labels and indie artists, especially in emerging markets. The conversation reveals how expanding rights could empower artists and enhance their control. Mulligan also highlights the changing dynamics of independent music, the impact of the pandemic on creativity, and the evolving music publishing scene, especially concerning royalties for indie labels.

Apr 3, 2025 • 30min
Apple Music Turns 10: Is It a Success?
Join Tati Cirisano from MIDiA Research, a music industry analyst, as she dives into the decade of Apple Music. They explore whether Apple Music is truly shaping the streaming landscape or merely playing catch-up. Discover the platform's strategic evolution, the challenges it faces compared to Spotify, and how its curated content influences music discovery. Tati also discusses the intriguing financial dynamics with AirPods and how these elements intertwine within Apple's broader ecosystem.

Mar 31, 2025 • 35min
Reddit: How To Monetize a Marketer’s Goldmine
The most influential conversations about your industry might be from an anonymous commenters who is validated by hundreds of upvotes on popular subreddit thread.Join me and Dr. Marcus Collins, the award-winning marketer, author, and friend of the pod, as we discuss the significant cultural influence of Reddit, its evolution as a community of subcultures, and how the business has evolved.02:08 Reddit as a Market Research Tool04:54 The Power of Community and Moderation15:29 Will Monetization Match its Cultural Influence?19:41 If We Ran RedditThis episode is presented by State Farm, the home for your small business needs. Like a good neighbor, State Farm is there.Listen in for our Chartmetric Stat of the Week.

Mar 25, 2025 • 31min
Do True Moguls Still Exist?
In this engaging discussion, Web Barr, Founder and CEO of High Bar Media and host of Media Moguls, tackles the current state of true moguls in entertainment. He delves into the legendary rise of Ted Turner and the evolution of power players from traditional moguls to modern independent creators. Web highlights the dramatic shifts in media consumption, the influence of tech giants like Elon Musk, and the duality of industry practices today. He also speculates on the future landscape of media leadership and the challenges faced by creators.

Mar 17, 2025 • 38min
WhatsApp is a Cultural Force. Will it Make More Money?
What if the most important social network in the world isn’t a social network at all?In this episode, we explore how WhatsApp—often overlooked in the U.S.—has become a lifeline for families, businesses, artists, and economies worldwide.Join me and Tati Cirisano from MIDiA Research as we break down whether WhatsApp is the closest thing to a true “everything app,” how it differs from iMessage and texting, and why Meta has struggled to monetize it despite its massive reach.04:33 WhatsApp's Global Growth Strategy17:07 WhatsApp's Advertising and Privacy Dilemma21:34 WhatsApp's role in Meta l24:22 Instagram DMs vs WhatsApp29:38 WhatsApp's US Growth ProspectsThis episode is presented by State Farm, the home for your small business needs. Like a good neighbor, State Farm is there.Listen in for our Chartmetric Stat of the Week.If you enjoy Trapital, please rate and review on your favorite podcast platform!

Mar 11, 2025 • 44min
Can New Superstars Ever Surpass Current Superstars (Revisited!)
It’s the perfect time to revisit one of our more popular episodes. Taylor Swift and Beyoncé are still at the top of the music industry despite the newer artists that do well on streaming and TikTok. That said, can today’s new class of stars ever match that same level of superstardom? .In this episode, I’m joined by Tati Cirisano from MIDiA Research to explore how artists like Billie Eilish, Dua Lipa, and Bad Bunny are navigating the ever-changing music landscape. What does it take to break through the noise, and is music stardom evolving into something completely different?Let’s get into it02:00 Streaming's Impact on Music Industry07:06 The impact of streaming and TikTok11:09 Olivia Rodrigo's Streaming vs Sales15:03 Dua Lipa, Doja Cat, SZA23:23 Morgan Wallen, Bad Bunny30:28 "Music Industry Aspirations and Realities"33:39 Emerging Artists: Success Through Unique RootsTrapital Summit tickets are on sale! Super early bird discount until April 30. Register here.This episode is presented by State Farm, the home for your small business needs. Like a good neighbor, State Farm is there.Make sure you check out TechCrunch’s flagship podcast, Equity.Listen in for our Chartmetric Stat of the Week.If you enjoy Trapital, please rate and review on your favorite podcast platform!

Feb 25, 2025 • 35min
Who is ‘Spotify Music Pro’ Really For?
Tati Cirisano, an Analyst at MIDiA Research, dives into Spotify's potential new premium tier, Music Pro. The discussion reveals what the new features like enhanced audio quality and presale tickets might mean for superfans. Cirisano highlights the challenges of consumer price sensitivity and the possible backlash artists could face from added charges. The complexities of user expectations versus industry revenue goals are also examined, along with how platforms can balance profitability while meeting evolving consumer wants.

Feb 17, 2025 • 37min
Meta’s Media Strategy: An On-Again, Off-Again Relationship
Every few years, Meta makes a big push with a media-related product, but few of then have lasted long.Instant Articles, Facebook Watch, Instagram Live, podcasts, music videos and more. Why don’t these initiatives stick? Is this similar with most social media platforms that try new things? How will this evolve in the future?Join me and MIDiA Research’s Tati Cirisano as we discuss Meta, its suite of apps, and why these initiatives come and go.04:32 Entertainment vs. Social Platforms12:29 Meta’s Opportunity Cost17:01 Instagram, WhatsApp, and acquisitions23:21 The Future of Facebook25:38 Social Media Trends30:13 Open vs Closed Social PlatformsThis episode is presented by State Farm, the home for your small business needs. Like a good neighbor, State Farm is there.Listen in for our Chartmetric Stat of the Week.If you enjoy Trapital, please rate and review on your favorite podcast platform!