Tag: Whooshkaa

Spotify’s New Publishing Tool Makes It Easy To Turn Broadcasts Into Podcasts

April 13, 2023

At the end of 2021, Spotify announced the acquisition of Whooshkaa, an Australia-based podcast technology platform that let radio broadcasters turn their existing audio content into on-demand podcast content. Today, we are excited to share that this technology is now available for any publisher with a Megaphone account. Megaphone is our podcasting platform for enterprise publishers and professional podcasters, and it offers a comprehensive set of tools that helps them publish, measure, and monetize their podcast businesses.

This technology, which we are calling broadcast-to-podcast (B2P), gives broadcast publishers—whether they’re already in the podcast game or new to the medium—an easy-to-use tool that allows them to leverage existing content to reach new, younger audiences and extend their revenue potential.

For the Record spoke to Emma Vaughn, Global Head of Advertising Business Development & Partnerships at Spotify, to learn more about this technology and what it means for broadcast creators.

First, can you share how radio listening habits are changing?

Radio listening has been gradually shifting from over-the-air to streaming as consumers increasingly choose to listen through their digital devices. In fact, the time people spent listening to broadcast radio online in the U.S. grew by 50% from 2019 to 2022. 

Similar to TV, busy consumers want to listen to their favorite audio content on their own schedule. This partly explains the tremendous growth of the podcast industry—creators, publishers, and platforms are responding to the demand from audiences. At the same time, there are more ways for people to listen thanks to a high adoption of devices like smart speakers, smartwatches, and more. 

Does this new B2P tool require extra effort or technical knowledge to use?

No! The ease of use and automation are major benefits to this product. After a simple, one-time setup process in Megaphone, broadcast-to-podcast will automatically create new podcast episodes from previously broadcasted content, making it easier than ever for broadcast publishers to reach new audiences with their content. It’s honestly so cool.  

It typically takes publishing teams approximately 30 to 60 minutes to manually convert each individual broadcast episode to a podcast. This includes downloading the episode off the radio platform, removing the ad spots, placing ad markers, and uploading the episode to a podcast platform. 

This amount of friction does not work at scale when converting hundreds of episodes per day across a network. B2P helps automate this entire process for publishers.

Spotify Acquires Podsights and Chartable To Advance Podcast Measurement for Advertisers and Insights for Publishers

February 16, 2022

In 2020, Spotify set out to modernize podcast advertising with the launch of Streaming Ad Insertion. Then, we built on this game-changing innovation with the introduction of our audio-first ad marketplace, the Spotify Audience Network. Just last month, we expanded even more through an interactive ad experience called call-to-action cards. With these investments, we’re delivering impact for advertisers and growth for podcast publishers like the Wall Street Journal, ViacomCBS, and AdLarge.

According to eMarketer, annual U.S. digital audio advertising revenue is poised to grow to nearly $8 billion—and of that, $2.7 billion for podcast advertising alone—by 2025. We believe the next step to unlocking this growth is demonstrating audio advertising’s impact through innovations in measurement and attribution for advertisers and audience insights for publishers.

That’s why today we’re excited to announce our acquisitions of two podcast technology companies, Podsights and Chartable. 

Podsights is a leading podcast advertising measurement service that helps advertisers better measure and scale their podcast advertising. Chartable is a podcast analytics platform that enables publishers to know and grow their podcast audiences through promotional attribution and audience insight tools.

Here’s what these acquisitions mean for advertisers and publishers.

Upleveling Measurement for Podcast Advertising

Advertisers come to Spotify to reach our engaged and immersed audience. But, according to a recent Advertiser Perceptions survey, measurement and attribution remain the two biggest unsolved challenges for podcast advertisers. Spotify plans to solve this pain point through the acquisition of Podsights. As part of Spotify, Podsights will be able to utilize Spotify’s technology and intelligence to bring more accurate measurement and actionable insights to podcast advertisers around the world.

In short, with the acquisition of Podsights, Spotify will be able to help advertisers understand how podcast ads drive actions that matter to their businesses. Over time, we plan to extend these measurement capabilities beyond podcasts to the full scope of the Spotify platform, including audio ads within music, video ads, and display ads.

Helping Publishers Grow Their Businesses With Robust Insights & Promotional Tools

Over the past year, we’ve been strengthening Megaphone’s already robust offering—most recently with the acquisition of Whooshkaa and its broadcast-to-podcast technology—to ensure it’s the best place for podcast publishers to create, monetize, and measure their podcast businesses. And now with the acquisition of Chartable, we will be further enhancing Megaphone’s suite of tools with the integration of Chartable’s audience insights and cutting-edge promotional tools, SmartLinks and SmartPromos. These tools will make it easier for publishers to turn audience insights into action and expand their listenership while ultimately growing their businesses.

The Future of Digital Audio 

We believe the opportunity for digital audio and podcast remains significant. With these acquisitions, we’re taking a big step in upleveling digital audio measurement and insights to help the entire industry scale to new heights.

Check out a Q&A with Podsights Founder Sean Creeley and Khurrum Malik, Head of Advertising Business Marketing on Ads.Spotify.com. For a deep dive on Chartable, head to Megaphone.fm. 

Spotify Reports Fourth Quarter 2021 Earnings

February 2, 2022

Today, Spotify announced our fourth quarter 2021 financial performance. Click here to review the full earnings release, and take a look at the highlights below:

Interested in hearing more? You can listen to the webcast Q&A on the IR site here. 

Click below to check out a sizzle reel of audio trailers from a few of our recent original and exclusive podcasts. 

Spotify Is Building on Megaphone’s Capabilities With the Acquisition of Whooshkaa

December 16, 2021

Over the last two years, Spotify has been focused on modernizing digital audio advertising to drive growth for creators and publishers while delivering impact for advertisers. In November 2020, we acquired Megaphone, which enabled us to offer podcast publishers innovative tools to help them earn more from their content. Throughout 2021, we unveiled new features for Streaming Ad Insertion, unlocked podcast ad buying in Spotify Ad Studio, and introduced the Spotify Audience Network. Since the launch of the Audience Network, we’ve seen a double-digit increase in fill rates and a double-digit lift in CPMs for opted-in Megaphone publishers. 

Simply put, by modernizing ad monetization for podcasts, we’ve been able to help enterprise podcast publishers grow their businesses, with nearly one in five Spotify advertisers now participating in the marketplace.

We’re committed to continuing to help publishers worldwide grow their podcast businesses. That’s why today we’re announcing our acquisition of Whooshkaa, an Australia-based podcast technology platform that gives independent creators, publishers, broadcasters, and brands a cost effective, end-to-end platform to host, distribute, monetize, and track on-demand audio. Whooshkaa offers radio broadcasters a specialized tool that makes it simple to turn their existing audio content into on-demand podcast content. As part of the acquisition, we plan to soon integrate this technology into the Megaphone suite. 

Here’s what it means for publishers and advertisers.

Supercharging publishing

Megaphone, the podcast platform of choice for leading enterprise publishers like AdLarge Media, the Wall Street Journal, and the Australian Radio Network, offers a comprehensive suite of powerful podcasting tools that can help publishers create, monetize, and measure their podcast businesses alongside our white-glove customer service. With the integration of Whooshkaa’s broadcast-to-podcast technology into Megaphone, radio broadcasters will be able to more easily and quickly turn their existing audio content into a podcast and access Megaphone’s industry-leading, differentiated suite of tools and technology.

Growing audience for advertisers

Audiences worldwide are tuned in to digital audio at record rates, with no signs of slowing. As the world’s most popular audio platform, Spotify is the place for advertisers to reach them.

With the Spotify Audience Network, advertisers are able to target audiences listening across our network of podcasts, including Spotify Originals & Exclusives, and third-party content via Megaphone and Anchor. Integrating Whooshkaa’s innovative broadcast-to-podcast technology means we’ll be able to bring even more third-party content into the Spotify Audience Network, helping advertisers to connect with even more audiences.

Just getting started

We believe we’re on the precipice of immense growth for the entire digital audio industry. To learn more about what the acquisition means for radio broadcasters, check out Megaphone.FM.

 

Forward-Looking Statements

We would like to caution you that certain of the above statements represent “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “will,” “expect,” and similar words are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding the potential benefits of the acquisition and the anticipated timing of the closing of the acquisition. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for purposes of complying with the safe harbor provisions. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections, including but not limited to the risks as set forth in our filings with the United States Securities and Exchange Commission. We undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date hereof.