0
Wireless

Spotify buys podcast hosting platform Megaphone for USD 235 mln

Tuesday 10 November 2020 | 16:15 CET | News
Music streaming provider Spotify announced an agreement to acquire podcast advertising and publishing platform Megaphone for an undisclosed sum. According to unnamed sources cited by The Verge, Spotify paid USD 235 million for the podcast company, which hosts over 5,500 shows on its platform from publishers including Disney, Vox Media and Slate. The move follows Spotify's acquisition of podcast content provider The Ringer earlier this year.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Spotify
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Spotify adds 10 million paid subscribers in Q4

Published 03 Feb 2021 12:58 CET | World
Spotify added 30 million new paid subscribers in 2020, including 10 million in Q4 alone. The streaming music provider ended the ...

Amazon to acquire podcast maker Wondery

Published 31 Dec 2020 08:30 CET | World
Amazon announced an agreement to acquire podcast start-up Wondery and make it part of Amazon Music. Wondery has a track record of ...

Spotify tops guidance as customer base reaches 320 million in Q3

Published 29 Oct 2020 14:22 CET | World
Spotify reported third quarter results at the high end or above expectations. The company finished the quarter with 320 million ...

US music streaming revenues advance 5.6% to USD 5.7 bln in H1

Published 11 Sep 2020 09:45 CET | United States
Paid subscriptions increased 14 percent to USD 3.8 billion, now making up an ever larger proportion of revenues, at 67 percent of ...

Spotify reaches nearly 1 in 2 Dutch smartphones, YouTube Music grows to 11%

Published 12 Aug 2020 11:22 CET | Netherlands
The Spotify app was installed on nearly one in two Dutch smartphones in the second quarter, according to the latest research by ...

Spotify customer growth tops expectations in Q2

Published 29 Jul 2020 12:33 CET | World
Spotify reported second-quarter customer numbers and revenues at the high end of its guidance, finishing the period with 299 ...

Spotify launches Premium Duo deal in 55 countries

Published 01 Jul 2020 15:13 CET | World
Spotify has launched a new subscription plan for two people living at the same address. Spotify Premium Duo costs USD 12.99, or ...

Spotify launches on Comcast's Xfinity X1, Flex

Published 23 Jun 2020 09:21 CET | United States
Comcast announced that Spotify became available to stream on Xfinity, giving millions of customers the ability to listen to the ...

Spotify inks exclusive podcast deal with DC Comics and Warner Bros

Published 19 Jun 2020 09:52 CET | World
Warner Bros Digital Networks (WBDN) will manage the business and strategy related to the partnership. Warner Bros Television ...

Spotify beats Q1 outlook with subscribers up 31% to 130 mln

Published 29 Apr 2020 13:35 CET | World
Spotify met or exceeded its guidance for the first quarter and said it's seeing little impact yet on results from the Covid-19 ...

Spotify buys sports content specialist The Ringer

Published 05 Feb 2020 14:34 CET | World
Spotify has agreed to buy The Ringer, a creator of sports, entertainment and pop culture content founded in 2016 by Bill Simmons. ...

Spotify beats outlook again for subscriber growth, Q4 revenues grow 24%

Published 05 Feb 2020 13:16 CET | World
Spotify reported 271 million monthly active users at the end of 2019, up 31 percent over the year and better than the group's ...

Spotify in talks to buy podcast maker Gimlet Media - report

Published 04 Feb 2019 09:23 CET | World
Music streaming service Spotify is mulling the acquisition of podcast maker Gimlet Media, the Wall Street Journal reported. Talks ...





Calendar   /   Industry Events

01 Mar Embedded World Digital
03 Mar Vivendi Q4 2020
03 Mar Marvell Technology fiscal Q4
03 Mar Avast FY results
04 Mar Inwit Q4 2020
04 Mar Ciena fiscal Q1
04 Mar Broadcom fiscal Q1
04 Mar MTS Q4 2020
04 Mar Telesat Q4
05 Mar Vonage Investor Day
10 Mar MTN FY results
10 Mar Verizon Investor Day
::: More Calendar Items