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@AccidentalLemming@lemmy.world to Technology@lemmy.worldEnglish • 2 years ago

White noise podcasts are costing Spotify $38m per year, and record labels are not happy about it

www.bloomberg.com

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  • hackernews@derp.foo
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White noise podcasts are costing Spotify $38m per year, and record labels are not happy about it

www.bloomberg.com

@AccidentalLemming@lemmy.world to Technology@lemmy.worldEnglish • 2 years ago
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  • hackernews@derp.foo
Spotify Looked to Ban White Noise Podcasts to Become More Profitable
www.bloomberg.com
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An internal document shows that white noise podcasts account for 3 million daily consumption hours on the platform
  • @Viper_NZ@lemmy.nz
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    276•
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    2 years ago

    Stupid decisions like paying $200 million for Joe Rogan’s shitty podcast certainly don’t help

    • @Protoknuckles@lemmy.world
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      66•2 years ago

      I like the implication here that your phone is so used to you saying Rohan it autocorrected.

      • @Viper_NZ@lemmy.nz
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        26•2 years ago

        Fixed, LOL

      • pips
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        19•2 years ago

        Where was Rogan when the Westfold fell?

        • @InvertedParallax@lemm.ee
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          3•2 years ago

          On DMT, obviously.

    • @Scotty_Trees@lemmy.world
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      11•2 years ago

      I’ve been boycotting that podcast ever since. Such a stupid decision. And if I’m going to use a streaming service, Apple Music suits my needs just fine.

    • @Thorny_Thicket@sopuli.xyz
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      3•2 years ago

      Wether you like it or not it’s the most popular podcast in the world (or atleast was at the time) No amount of hate is going to change that.

      • @Viper_NZ@lemmy.nz
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        26•2 years ago

        $200 million is a lot of money for a podcast when your core Business is music streaming.

        • @Thorny_Thicket@sopuli.xyz
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          3•2 years ago

          I believe spotify is the most popular podcast streaming app so even if their core business used to be music it’s not that anymore. Atleast not exclusively. Instagram used to be about photography too. Platforms evolve.

          • @EssentialCoffee@midwest.social
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            2 years ago

            You are correct that Spotify is the most popular streaming app for podcasts, at least in the US, as of March 2023

            Providing some link backup for you since folks decided to downvote you for saying something they didn’t like.

    • RaivoKulli
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      2 years ago

      Do we know whether they’re making money or a loss on that deal? I remember Joe Rogan’s podcast being really popular

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