: Studios are reining in budgets and implementing hiring freezes and layoffs. The podcast industry, which is still settling into its sweet spot in the pantheon of capital-E Entertainment, appears poised to follow suit both as a reaction to the economic downturn and as a reflection of audio’s past years of massive growth.
It’s no secret that podcasting has seen an influx of corporate cash driven by players like Spotify, Amazon, iHeartMedia and SiriusXM. That cash, resulting in an influx of megadeals and new talent coming into the once-niche medium, was largely driven by these companies’ ambitions to create inventory and demand for a ballooning audio ad market by building out their libraries and growing global listenership.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nomura cuts 18 Asia banking jobs as dealmaking slows -sourcesNomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, after a sharp slowdown in dealmaking activity, according to two sources with direct knowledge of the matter.
Source: Reuters - 🏆 2. / 97 Read more »
Goldman Sachs misses profit estimates on dealmaking slumpGoldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit due to heavy losses in its consumer business and a slump in dealmaking that hit its investment banking unit.
Source: Reuters - 🏆 2. / 97 Read more »
Goldman, M. Stanley profits plunge as dealmaking dries upNEW YORK (AP) — The profits for two iconic Wall Street firms — Goldman Sachs and Morgan Stanley — plunged sharply last quarter as volatile markets cut deeply into investment banking. Goldman's profits tumbled 66% to $1.33 billion in the fourth quarter, it said Tuesday, well below what Wall Street had expected. This economy is a disaster. I hope they’ll be okay…
Source: AP - 🏆 728. / 51 Read more »
Goldman misses profit estimates as dealmaking slumps, consumer business hitGoldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit as it struggled with a slump in dealmaking, a drop in asset and wealth management revenue and booked losses at its consumer business. Hate to see it. OK working people, get ready to pay some bail out money. 'Financiers, wealth makers, professionals of money making' lost few trillions. Come on! Pay their debts now! Biden did that
Source: Reuters - 🏆 2. / 97 Read more »