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Analyst: Spotify needs a new approach

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  • In a client note, Richard Kramer, an analyst from Arete Research has criticised Spotify. “Taking shows exclusive reduces their reach and attractiveness to advertisers,” he notes, adding that “few titles are popular enough to bring in new subscribers to offset the loss of ad revenue from greater reach”. Creators also face risks in other areas, like event ticket sales, merchandising, or books: Brené Brown’s book sales dropped after she became a Spotify exclusive. After focusing on financials, he concludes: “We think Spotify needs new management and a new approach”, recommending his customers sell the stock.

  • The Australian Podcast Ranker will report on audience reach and download figures by podcast title. The ranker, compiled by Triton Digital, will add these numbers after ad-buyer request; the ranker will now be in order of total audience, aligning with Triton Digital reports in other countries, and with Podtrac.

  • In the US, Spotify has launched SoundUp LatinX, part of Spotify’s global program to give underrepresented podcasters the tools to boost their platforms and build their shows. It’s the first program focused at the LatinX community.

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Companies mentioned above:
Blubrry logoBlubrryLemonada Media logoLemonada MediaPodtrac logoPodtracSignal Hill Insights logoSignal Hill InsightsSounds Profitable logoSounds ProfitableSpotify logoSpotifyTriton Digital logoTriton Digital

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