Hey Snackers,
We made this one extra digestible while you juice cleanse out all that tryptophan. Markets hit record highs before closing for Thanksgiving — now everyone's watching for Black Friday sales numbers to roll in.
Today's newsletter is about podcasts. We build our 15-minute Snacks Daily podcast every day, and we put the whole behind-the-scenes process up on YouTube for you to check out. And for insights about the future of the freakily hot podding industry, we just interviewed an entrepreneur who sold his podcast startup to Spotify. Takeaways below, or watch it here.
Subscribe to everything... That's the decision that music-focused Spotify made back in February when CEO Daniel Ek said he wanted 20% of Spotify listening to be non-music. When you're not Lizzo-ing or mid-binge on Talking Heads, Spotify wants you podding. So the streaming pioneer came up with a 2-part plan:
These podcasts aren't for the public good... they're for podcast profits. One lovely thing about podcasts is that Spotify gets the content for free.
A new streaming war is coming... You can only watch The Crown on Netflix, The Lion King on Disney+, and Hulu ads on Hulu (please kill those ads, Hulu). We asked Max if podcasts would go the same way. The answer is... sort of. Exclusive podcasts are central to Spotify's plan — the Obama pod will probably only exist on Spotify, even if other Spotify pods are still available on Apple (for now). Audio streaming is tempted by the video streaming playbook.
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