Spotify In Talks To Buy Gimlet Media

Spotify In Talks To Buy Gimlet Media

Spotify In Talks To Buy Gimlet Media

Although Spotify has acquired many businesses recently, this acquisition represents the first acquisition involving a content creation platform.

But it would also be a huge deal as far as podcasts go, with another example being iHeartMedia's acquisition of Stuff Media previous year in a notably smaller $76 million deal.

Venezuela air force general defects from regime and backs opposition leader
The opposition "want to deliver the country in pieces to the gringo empire and the local oligarchies", Maduro told the soldiers. And he called on Guaido for "face to face" talks, which the younger man has already rejected.

Spotify declined to comment on the report. As of late, Gimlet has stretched out its consideration from podcasting to film and TV, as witnessed by its ongoing deal with Amazon to turn Homecoming into a series.

The reported deal does seem to track with Spotify's long-term goals. SPOTIFY has been active in producing original podcasts and indicated in appearances at CES last month that it plans to expand its activity in that regard. "We found podcasting to be a great complement to our music service". Spotify has officially struck deals to acquire some original shows, for example, Amy Schumer's 3 Girls, 1 Keith, and is streaming a few shows, similar to the upcoming season of Crimetown, exclusively on its platform. Acquiring Gimlet would be the first time Spotify has bought a content company; furthermore, it would be the biggest podcast deal in the industry, passing Apple which has been a majority holder of podcasts. Kafka also noted that while Apple now reigns supreme in this area, "Tim Cook's company doesn't appear to spend much time or energy on podcasts". Gimlet is behind hit series like StartUp, Reply All andHomecoming.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.