A new CEO for Libsyn – Podnews
A new CEO for Libsyn: find more in our “Moves and hires” section, below.
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Podcast ad monetisation company Audioboom issued a profit warning. “the Company expects the revenue and adjusted EBITDA for the current financial year to be lower than previously anticipated”, it said, adding: “The Company has adjusted the approach taken to calculating its minimum guarantee offers for podcast partners”. Shares fell over 27%.
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The average monthly audience for individual shows in 2023 is half of what it was in 2019 – and downloads are down, says Eric Nuzum, quoting Podtrac data. He suggests that publishers are pulling back on new shows: and it’s new shows that drive more downloads.
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Former head of Spotify’s Parcast, Max Cutler, spoke to Foundr magazine about what’s next in podcasting. He appears to gently criticise Spotify; suggesting that it’s a mistake to go after Hollywood talent, and discussing the slowness of decisions at the company. Shows that are “resourceful” rather than…
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