Click to Skip Ad
Closing in...
  1. Amazon Dash Smart Shelf
    15:16 Deals

    I’m obsessed with this Amazon gadget you’ve never heard of – and it&#821…

  2. Prime Day Deals 2021
    04:05 Deals

    Prime Day deals 2021: See hundreds of Amazon’s best deals right here

  3. Prime Day Nest Thermostat Deal
    16:28 Deals

    The newest Nest Thermostat rarely goes on sale, but it’s $99.98 for Prime Day

  4. Best Prime Day Deals Under $50
    17:46 Deals

    26 of the absolute best Prime Day deals under $50

  5. Prime Day Nintendo Switch Deals
    12:27 Deals

    Anyone with a Nintendo Switch needs to see this one Prime Day deal

Apple’s rivalry with Spotify escalates as it begins funding exclusive podcasts

July 16th, 2019 at 10:57 PM
Apple vs Spotify

Apple is reportedly planning to open up a whole new front on its ongoing content war with Spotify soon.

Spotify certainly got the jump on Apple with the launch of its music streaming service that’s now the dominant player in the space, with a paid subscriber base of 100 million as of April compared to 60 million for Apple Music which came late to the party. However, Apple has quickly built a solid base of paying users for its comparable streaming music service — and now, in the wake of Spotify not being shy at all about touting a massive investment into podcasts as a way to differentiate its offering, Apple is about to do the same.

Spotify’s stock quickly took a 3% hit on the back of a Bloomberg report released Tuesday afternoon that heralded a forthcoming move by Apple to start funding original podcasts that would be exclusive to the iPhone maker. On the surface, it would seem to be a direct move to steal a bit of thunder from podcast rivals like Stitcher but most especially Spotify, which had planned to spend some $500 million on acquiring podcasts in 2019 alone.

This move also would be yet another entry by Apple into the world of media creation, in tandem with the Apple TV+ service launching this fall that will include exclusive Apple-commissioned TV series.

As far as podcasts, it’s apparently still at an early enough stage that Apple actually doesn’t have a coherent strategy yet. Or at least one that’s been clearly outlined to Bloomberg’s sources. Nevertheless, word of this move rightfully shook Spotify’s share price, given that Apple and podcasts are closely aligned in many people’s minds — in fact, Apple’s podcast app still accounts for at least half of all podcasting listening, industry executives say.

Apple is already reaching out to media companies to get the ball rolling on buying up the rights to podcasts. Dave Zohrob, CEO of podcast analytics company Chartable, told CNBC Tuesday that Apple’s move “makes a lot of sense from a strategic perspective.”

Andy is a reporter in Memphis who also contributes to outlets like Fast Company and The Guardian. When he’s not writing about technology, he can be found hunched protectively over his burgeoning collection of vinyl, as well as nursing his Whovianism and bingeing on a variety of TV shows you probably don’t like.

Popular News