Spotify subsidiaries launch new business and horoscopes podcasts

The production lines are rolling for Spotify’s recently-acquired podcast studios, Gimlet and Parcast. Yesterday each had a brand new podcast to announce. Gimlet’s is called ‘The Journal’, and is a partnership with the Wall Street Journal for a daily show about “money, business and power”. That daily cycle could be important: it’ll generate useful content that […]

Spotify filing reveals it paid €49m for podcasting firm Parcast

Music Ally reported on Spotify’s latest financial results last week, but the official filing has revealed a bit more information on the company’s recent acquisition of podcasts producer Parcast. Spotify paid €36m in cash and €13m ‘related to the estimated fair value of contingent consideration’ – €49m (around $55m) in total. However, Spotify also said that “the […]

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