The Official Joe Budden Podcast Thread

Rev

Bong
Joined
Apr 30, 2012
Messages
21,824
Reputation
3,298
Daps
70,163
Reppin
Uptown
Let's see if Joe discusses this on the podcast to try and use it as ammo for not taking/negotiating the Spotify deal. Even if Spotify's big podcast investment isn't seeing huge returns yet, they would've still been getting paid.
--------------------------------------------

Spotify's big bet on podcasts is failing, Citi says
  • Spotify’s multi-million dollar bet into podcasting may not be working out, Citi analysts wrote in a note to clients Friday.
  • The idea was that by bringing exclusive content to the app, the company could strengthen its advertising business and attract Premium subscribers.
  • Investors seemed to like the message, sending the stock up 31.76% in 2019 and 110.4% in 2020.
  • But now analysts are looking for the company to show the investments were worth it.
  • “To date, we have not seen a material positive inflection in app downloads or Premium subscriptions,” the Citi analysts wrote.
 

CrimsonTider

Seduce & Scheme
WOAT
Joined
Apr 30, 2012
Messages
83,333
Reputation
-13,892
Daps
131,776
Let's see if Joe discusses this on the podcast to try and use it as ammo for not taking/negotiating the Spotify deal. Even if Spotify's big podcast investment isn't seeing huge returns yet, they would've still been getting paid.
--------------------------------------------

Spotify's big bet on podcasts is failing, Citi says
  • Spotify’s multi-million dollar bet into podcasting may not be working out, Citi analysts wrote in a note to clients Friday.
  • The idea was that by bringing exclusive content to the app, the company could strengthen its advertising business and attract Premium subscribers.
  • Investors seemed to like the message, sending the stock up 31.76% in 2019 and 110.4% in 2020.
  • But now analysts are looking for the company to show the investments were worth it.
  • “To date, we have not seen a material positive inflection in app downloads or Premium subscriptions,” the Citi analysts wrote.
Yeah I said this during the rants. Spotify was the only company heavily investing into podcast because more people on the platform listening to podcast means less money they have to pay out for music rights which is there biggest cost
 
  • Dap
Reactions: Rev
Top