News Formal

Podcast Industry Ad Growth Hit By Pandemic

  • 📰 THR
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

The economic downturn brought about by the coronavirus pandemic is expected to hit the podcast industry, according to a new report

.

The report, which was prepared by PwC, cites canceled or paused campaigns as the likely reason for the dip in revenues. But it notes that revenues are expected to rebound during the second half of the year. It's a stumbling block for an industry that has been on the rise in recent years, fueled by increased interest from big tech players like Spotify as well as Hollywood, always hungry for new sources of IP.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 411. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DIY treatments and a digital pivot — here's how the beauty industry coped with the coronavirusThe beauty industry was in the midst of big changes before the coronavirus pandemic and now the sector is also dealing with restrictions imposed after lockdowns.
Source: CNBC - 🏆 12. / 72 Read more »