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Why Spotify is making a $500 million bet on podcastingSpotify is making a big bet on podcasts, announcing deals to acquire startups Gimlet and Anchor, with plans to invest up to $500 million in the podcast market this year 💙 The they need to make their app a functioning podcast app. Because they're chasing Pandora. What's the big infatuation with podcasts recently? It's not exactly a new concept.
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Spotify hitches its wagon to a muleThe Swedish music service is buying two podcast companies and warned it will crank up spending - including up to $500 mln scooping up other similar talk radio-esqe firms, in the name of growth. Yet sales are slowing and the market for non-music audio is small and speculative. jennifersaba PMuravetska jennifersaba I use my ears along with my eyes while using Netflix. For funsies. Maybe Spotify wants to be Netflix for people that can't see?
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Breakingviews TV: Lazard leadsFeb 5 - Antony Currie takes stock of the independent advisory firm’s fourth-quarter earnings. Lazard’s stock is down over a quarter in the past year, but with asset management tough and M&A slowing down, it may just be ahead of now more... AntonyMCurrie WallStreet
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