Sirius XM Holdings Inc. is near a deal to buy E.W. Scripps Co.s Stitcher Inc. podcasting unit for around $300 million, according to people familiar with the matter.

The satellite-radio giant is working to expand into the rapidly growing podcasting industry, following similar moves by media and tech companies including Spotify Technology SA and iHeartMedia Inc.

Determine your topic, audience and format

Everyone has something they could talk about for hours on end. When deciding which of these things should be the focus of a podcast, you need to consider topics that you will never get tired of talking about. Brainstorm 52 show topic ideas, one for each week of the year. This will let you know if you have enough ideas to have a regular podcast of your own, or if you would be better off finding guesting opportunities on existing programs. Of course, a show does not have to be weekly, but it is a starting point.

Defining your audience will help to hone the direction of the show, as well. A show geared toward young mothers will sound much different than a podcast for mid-career professionals. Your audience is rarely everyone. Figure out who they are and talk specifically to them, their needs and interests. As you plan your show, consider what type of format will be most effective, as well. Will you host guests, have a co-host or fly solo?

Choose memorable, straightforward branding

When coming up with a title for your podcast, it’s best not to be too clever or obscure. Make it easy to remember and spell and also give some idea of what the show is about. Search potential names in Google and on iTunes to be sure your idea is not already an established podcast. You will also want to claim a custom URL and related social media handles. Again, searching for these items will indicate if the title is already taken.

Cover art for your podcast needs to be an exact square, sized at least 1,400 pixels by 1,400 pixels and 3,000 pixels by 3,000 pixels at the most. Remember that people will be viewing it on a small screen, so use large text for your show name and relevant artwork.

Assemble a digital audio workstation

Podcasting is a relatively small market, closing in on a $1 billion run rate. But the category is on fire right now. The New York Times scooped up Serial Productions for a reported $50 million this week in a creative and strategic alliance with sister company This American Life. Terms of the deal were not disclosed and depend on performance goals. The Times bought podcast studio Audm for $8 million in March and is hiring prominent journalists to host new programs. With Serial, the Times owns the 14th largest podcast production company with roughly 4 million listeners and the iconic Serial franchise that was the first breakout hit. Union Square Ventures also announced on Thursday that it is investing in the podcast studio and ad network Headgum.

In 2018, businesses spent $497 million on podcast advertising in 2018, and it’s estimated that by 2020, podcast ad spend will go up to a whopping $1 billion. So, podcasting is clearly big business.

How do you launch a business podcast?
So, there are a few steps when it comes to launching a podcast for your business – and it all starts with thinking about your aim.

What are you trying to achieve from your podcast? Is it to build trust with customers, or to drive more awareness with new prospects? In my case, I wanted to better position myself as a leader in the sales enablement space – so in addition to my blog over at Contemsa and posting on LinkedIn, I wanted to have a few different streams of content where my audience could gain insights about sales enablement.

With that aim in mind, it was important that my podcast was not about selling anything. Instead, it was about sharing insights and tips on B2B sales enablement topics such as How to Involve Sales Teams in Your Sales Playbook Process, for example. As you can see in this example episode, I am not selling anything: I am giving away useful tips and support for my customers and prospects.

1. Thou shall not do it for the money
2. Thou shall be a consumer
3. Thou shall reflect well on your brand
4. Thou shall be useful
5. Thou shall not be a salesperson
6. Thou shall note get personal
7. Thou shall create a consistent format
8. Thou shall release episodes regularly
9. Thou shall be professional
10. Thou shall be sociable

Podcasting is increasingly seen as a reliable channel for long-term ad investments, new data from the Interactive Advertising Bureau (IAB) shows: Annual ad buys, where ads are bought for the entire year, nearly doubled in the US from 24% to 47% of podcast ad revenues between 2018 and 2019.

US Podcast Ad Revenue Share, by buy type, 2018 and 2019

Meanwhile, quarterly ad buys and scatter ad buys, where ads are purchased closer to the time they air, declined — making up 31% and 21%, respectively. According to the IAB, podcast ad revenues totaled $479.1 million in 2018 and $708.1 million in 2019.

This is a sign that more advertisers are including podcast ads in their long-term marketing plans, rather than just using podcasts to experiment with. It's a testament to the rise of the podcasting industry: Listeners are increasing rapidly — eMarketer expects US podcast listeners to grow by nearly 15% to surpass 100 million this year — and podcasting platforms have responded by working to meet the technological needs that advertisers have come to expect from digital formats.

It is estimated that 32% of Americans listen to podcasts on a monthly basis. And the podcast industry is expected to be worth around $1 billion by the end of next year. Being such a booming industry, it makes sense why so many people are thinking about starting their own podcasts.

Luckily, we are here to help you. So continue reading and we’ll walk you through everything you need to know!

1. USB Audio Interface and Recording Bundle
2. Adjustable Microphone Arm Stand
3. Podcast Recording Software
4. Podcast Editing Software

Spotify on Wednesday said its monthly active user count reached 299 million in the most recent quarter ending June 30. That is an increase of 29 percent year-over-year and brings the streaming giant just shy of that 300 million MAU milestone.

Taking a closer look, we see that Spotify finished the second quarter with 138 million premium (paying) subscribers, up 27 percent compared to the same period a year earlier. The company said its Family Plan continues to be a big driver of performance and further plugged the expansion of its new Premium Duo subscription offering for couples.

1. Strive To Be Different
2. Pilot Your Idea
3. Do Not Do It Alone
4. Understand Your Audience
5. Do Not Think About The Audience
6. Help Businesses Solve Challenges
7. Establish Yourself as an Authority
8. Target A Specific Niche
9. Focus On Building New Relationships
10. Three Elements Every Episode
11. Bring In A Variety Of Voices
12. Define The Why Of The Podcast
13. Keep Your Podcasts Brief
14. Make It Fast-Paced And Entertaining
15. Be Careful Not To Niche Down

Americans are listening to more business and finance podcasts, with downloads and streams up 78% week-over-week since the COVID-19 pandemic began, iHeartMedia reports.

In fact, as of April 2020, there are more than 30 million podcast episodes on the internet with numbers climbing daily. According to the Financial Times, podcasts have become one of the fastest-growing segments of the media market.

This surging level of interest and engagement in finance podcasts is a golden opportunity for financial advisors, especially those whose seminar and event marketing routines have been turned upside down by the COVID-19 pandemic. During this transition into a new way of doing business, it is important for financial advisors to include creativity and innovation into their post-pandemic marketing and communication plans.

I think this comes down to treating your marketing campaign mix holistically. A lot of digitally native brands tend to think about each channel independently and think about, you know, how do I get my Facebook campaign working, or how do I get my Google AdWords campaign working. But on Google and to some extent on Facebook, our activity is really driven around intent. People effectively putting their hands up, saying, I am looking for a sofa! through some kind of signal we can pick up on.

Podcasts are completely separate. There is no demand signal. So it is about finding that target audience that you are after and really introducing and sort of familiarizing that audience with the brand. That requires a holistic, full-funnel approach to your entire marketing mix, understanding that people we introduce to our furniture via podcast will be converted down the line via some other channel. That is key to building out a proper marketing mix, instead of just running some Facebook ads and hoping they do all the lifting.

Building out a physical space associated with a podcast business used to be a really good idea. For one thing, it offers an alternative revenue stream — through studio rentals and in-person events, among other things — that could check against the growing but volatile advertising revenue pool. It is also a really good fit for any podcast operation built on a sense of community. Having a physical space for listeners to routinely gather can really strengthen that relationship between publisher and fan, expanding the notion of how that community can be served.

Podcast listenership in the US has been soaring in recent years and advertising dollars are following. Podcast ad spending is a bright spot amid lackluster digital radio spending. According to eMarketers latest forecast, US podcast ad spending will surpass 20% of digital radio ad spending this year and cross the $1 billion mark next year.

By the end of 2020, podcast ad spending in the US will reach $782.0 million, up 10.4% from last year, giving it a 21.0% share of the US digital radio ad market. And in 2021, spending will jump nearly 45% to $1.13 billion.    

COVID-19 has threatened the key communication channels corporations need to survive. Workers are displaced. National meetings have been cancelled. Town halls and offsites are viable only through online platforms. In the face of the storm, companies are turning to new channels to keep the lines of communication open. For many organizations, podcasting is a timely and effective way to unite a fractured workforce.

Even before COVID shuttered offices, and work-from-home directives became commonplace, large organizations were discovering podcasting was a worthwhile addition to their communication mix. According to Forbes, the majority of Fortune 500 companies in the US already use podcasting as part of their internal communications. Ideal for a geographically-distanced and mobile audience, podcasting seems purpose built for the modern lifestyle, bringing content where the audience is. Add to the mix a pandemic that has scattered workers across the country, and podcasting makes more sense than ever.

JD: Podcasting — then and now; what do you make of its evolution?

DC: It has gone from being passive to a very personal on-demand commercial work. We have the ability to totally integrate content and commercials - it’s a good mindset. It went from a Howard Stern read to a re-envisioned, re-engaged conversation. It is the new native, a really positive, advertorial. We have the ability to weave in the right message at the right time and see more organic growth for both the listener and the advertiser. If you can think of a subject, there's a podcast for it and more coming on daily.

The growing podcast audience in Canada has brands taking notice. It's a fixture in consumer media consumption and a sticky medium. Listeners consume podcasts heavily compared with other forms of informational media, and they are loyal to the hosts of their favorite shows.

In podcast penetration and usage, Canada ranks at the top of selected countries surveyed by Edison Research and Triton Digital in the latest annual installment of The Infinite Dial, which has been tracking podcast listeners in Canada since 2018. For podcast penetration, 37% of adults in Canada were monthly podcast listeners, the same as in the US.

Define your goals and research your topic.

The first step is to figure out your goals upfront. Decide why you want to create a podcast. It can be to complement your blog, find new leads for your business or connect with like-minded people, or it can just be a passion project.

Opt for a co-host.

A podcast can have various formats, including:

• Monologue: One person speaking about their experience.

• Co-hosted podcast: Conversation between two or more hosts.

• Interview: Wherein the host interviews a guest.

• Panel: Discussion among a group of people on a particular topic.

Decide on a catchy name and proper description.

While you can pick a fancy name, it is best to choose a catchy name that helps to convey your identity and what the show is about. The title should be concise and be relevant to the topic. Similarly, while naming your various episodes, include keywords and phrases that a potential listener would use. You can also include the names of well-known personalities who will be featured in a particular episode.

reate an interesting cover picture and intro.

Cover art is the first touch point for people browsing for new podcasts. Get the help of a designer to draft a few options, and choose the best one. Follow the cover picture with an excellent intro. Having a third party introduce you will enhance the value of your podcast by several notches and is a great way to get noticed when you’re first starting out.

Arrange for equipment and software.

To start a podcast, you’re required to have access to and learn to use some easily available equipment and software. Podcasting equipment doesn’t need to be costly. You can start a good audio podcast with basic pieces of equipment such as a microphone, headphones, pop filter, etc. Assess your audio priorities and recording set-up, and decide on the equipment you require. Also, learn about the various software options such as Audacity, GarageBand, Reaper, Adobe Audition, etc. for recording and editing and choose the best one for your needs.

Study script-writing techniques and recording techniques.

Once you have equipment in place, it is time to write the script and record. Beginners should put in the time to learn about script-writing techniques; a clear and smooth recording requires a perfect script that might include a short and sweet introduction, guest introduction, episode discussion, recap of earlier episodes, etc.

Media publicity has traditionally been a challenge for small businesses. However, the emergence of podcasts has made it easier now more than ever. Being featured on a podcast has numerous benefits, including an increase in credibility when being featured by a third party, the opportunity for listeners (potential clients) to create a personal connection with the business and show preparations force the business to clarify its pitch and value proposition. Finally, it can even catch the ear of an investor.

Spotify has leaned heavily into its foray into podcasts and rolling out features and announcements at a pretty swift clip. Last week, the company announced it is introducing video podcasts to the mix with support for multitasking, meaning you can continue to listen to a video podcast uninterrupted while doing other things on your device. And earlier this week, Spotify announced support for simultaneous podcast and listening streaming for Premium users and up to five friends—a hot tool right now in the streaming service world as well, as many of us are distanced from friends and family.

The Apple Watch will no longer be counted in podcast listener numbers for Interactive Advertising Bureau (IAB) Tech Lab partners because it has been found to falsely inflate listener numbers.

Currently, when a podcast is automatically downloaded by an ‌Apple Watch‌ user, it is counted as two listeners; one from the ‌Apple Watch‌, and one from its paired iPhone. Since the ‌Apple Watch‌ and ‌iPhone‌ download the same podcast episode by default, and they both report different device user agents, the podcast appears to be downloaded by two different people. This means that the ‌Apple Watch‌ falsely inflates podcast listener numbers.

Starting a new podcast is a lot like starting up a new business from the ground up. There are steps you have to make sure that your podcast is entertaining while still being successful. You need to think about your content, your equipment, and your marketing plan. Will this be something people want to listen to? And how will you get them to listen? With so many small details that make up the massive project, we want to make it a little easier to get your podcast idea up and running!

Backtracks functions as a kind of fifth layer in the podcast listening ecosystem, enhancing the RSS feeds basic download-counting abilities with supplemental data from partners and podcast streaming app APIs.

None of that data is rigidly standardized, though. The Interactive Advertising Bureau has attempted to standardize podcast analytics terminology, but, so far, every podcast hosting service and audio analytics software provider counts engagement slightly differently.

A solid, standalone microphone will offer a wider frequency response range than a basic headset mic, letting it pick up all the nuance in your voice for a richer sound. With different pickup patterns they can also make it easier to cut down on the background noise that might be coming from your gaming PC or gaming keyboard. Some microphones can even let you switch between different pickup patterns, so you can focus on just your voice with a cardioid pattern one day while you might try to record you and a guest with a bi-directional pattern the next day.

With all that in mind, we will help guide you through a variety of quality microphones that can fit in a range of production environments. So, whether you just want to stream games on weekends or plan on making a half-dozen podcast series, you'll be able to find a microphone suited to the task.

Define your abandonment benchmark

On a recent episode of The Upgrade called How to Be a Better Reader, one of the questions we discussed was when to abandon a book. This question can apply more broadly to any entertainment that takes a commitment longer than two hours—including most podcast runs. So ask yourself: How many episodes should I listen before I commit to a series? How long am I willing to struggle before I abandon?

I recommend giving a series no more than three episodes to hook you into its hosts, topics and format. If you are sold, great, hit that subscribe button. But if not, don’t subscribe at all, or unsubscribe immediately. You can always find the podcast later if you want to check their feed, but chances are you won’t, because they were not a good fit for you anyway.

And now, with your new, clean podcast feed, the goal is to keep it that way. Keep the podcasts you love and allow yourself the freedom to unsubscribe from ones you don’t. Your listening will feel a little more like a pleasure again, and less like a chore.

1. Relationship Building
2. Infinitely Recurring Revenue
3. Securing Media

Today, podcasting has exponential reach. In the US, for example, The latest Niesen release notes that the number of heavy podcast listeners—those listening every day— has grown by more than 3.6 million. The total podcast audience is growing at a compound average growth rate of 20%. (source: Nielsen)

Similarly, in the United Kingdom, at the end of 2019 around 7.1 million people were listening to podcasts each week. That’s one in eight people and is an increase of 24% over the past year – and more than double over the past five years. Ofcom research also found that half of listeners have joined the podcast wave in the last two years. (source: Ofcom)

The Recount is a new platform that mixes politics and culture. A deal between The Recount and iHeartRaio will result in the two companies producing a series of new podcasts ahead of the 2020 election.

Sony Music has been signalling its podcasting ambitions with a series of partnerships over the past year. Now it has revealed nearly 40 new shows resulting from those deals – and they’re all launching this year.

The unveiling happened at the major labels first IAB Podcast Upfront presentation, with shows in categories including true crime, politics, current events, and social / racial justice, as well as music.

On the latter front, two of the new shows talked about at the upfront presentation were My 90s Playlist with hosts Tracy Clayton and Akoto Ofori-Atta, and a music/sports show from NFL reporter Lindsay Czarniak.

Imagine the perfect custom talk radio station tailored exactly to your unique likes, with a never-ending flow of great content.

That is exactly what Apple could soon be delivering with its recent podcasting acquisition, Scout FM. Because that’s precisely what Apple has achieved already — in the music sense — with its new personalized music stations in iOS 14.

This week Amazon announced the launch of a podcast service integrated with Amazon Music, along with a slate of exclusive celebrity-driven shows. After nipping around the edges of podcasting in its Audible audiobook subsidiary for a few years, Amazon is jumping into the market—with its competitive sights set squarely on Spotify. Amazon’s emulation of Spotify’s podcast model has implications for the future of podcasting as a business.

Spotify started moving into podcasts about five years ago. This was the first phase of a campaign to diversify its business beyond music, reducing its exposure to competition from much larger companies that do not depend on music as a single input good.

The COVID-19 restrictions that many countries had to endure forced many people to seek alternative forms of entertainment. One such form is podcasting which has grown in popularity over recent years. According to the most recent financial reports, Spotify reported that 21% of the monthly active users (MUA) have engaged in at least one podcast in the past month.  Data presented by Stockapps.com breaks down the rise of podcasting.

Spotify Records 5% Increase in Podcast Engagement between Q4 of 2019 and Q2 of 2020

The Joe Rogan Experience – the title of Rogans podcast, was the highest-earning podcast of 2019 with revenue of $30M. In September 2020, Joe Rogan officially began his podcasting contract with media giants Spotify, which will eventually see his entire library of content migrate to the platform. The deal is reported to be over $100M.

Spotify has been expanding its podcasts catalogue as they continue to see strong growth in that particular segment. The rate of consumption of podcasts has been growing by triple-digit percentage numbers for the last few years. In Q4 of 2019 16% of Spotifys monthly active users engage in podcast content, by Q2 2020 that number had jumped to 21%.

The concept behind podcasting is simple: combine the best qualities of what we love about a radio show with the immense capabilities offered by the digital revolution.

And with this simplicity, comes great diversity. Podcasts come in all shapes and sizes, across languages and borders, dealing with an enormous variety of topics and speaking to the hearts of an ever-growing global audience.

It is no wonder that they have become one of the most beloved and popular media in the 21st century. But how did it all start – and where are we now?

A simple idea: a brief history of how podcasts came to be The advent of the internet and new digital tech has naturally played the biggest part in establishing the podcast industry.

While the concept of audio blogging and on-demand listening to audio and video files has been around since the 1980s, primarily in the context of education and research, podcasting as we know it didn’t really exist until the 2000s. Its existence was in big part thanks to the iPod device launched by Apple in late 2001, which inspired a whole new way of listening to music and audio files.

MTV VJ Adam Curry and developer Dave Winner are widely considered to be the pioneers of the podcast revolution, when they teamed up to develop a software dubbed iPodder in 2004 – and the rest is history.

Digital radio spending has declined during the pandemic, which is in line with reduced advertiser demand. We do, however, expect growth to rebound by 26.8% next year.

But podcast advertising remains a bright spot of growth within digital radio. Spending on all types of podcast ads, including host-read sponsorships, will rise by 10.4% this year to more than $780 million. Next year, podcast ad spending will surpass $1 billion in the US for the first time as growth rebounds to 44.9%. That will boost podcast advertising to almost one-quarter of the digital radio ad market.

iHeartMedia announced it has entered into an agreement to acquire Voxnest, the leading consolidated marketplace for podcasts and the best-in-class provider of podcast analytics, enterprise publishing tools, programmatic integration and targeted ad serving. With this acquisition, iHeartMedia, through Voxnest, will now be able to provide podcast advertisers with additional targetable inventory at scale by allowing the effective and efficient monetization across an entire range of podcast inventory on this one-of-kind programmatic platform.

With global revenues set to surpass a billion dollars and the tech giants investing in the space at eye-watering price points, no one asks what podcasting is any more. In part one of our series on the sports podcast ecosystem, SportsPro surveys the scene in 2020 to discover the different ways of doing business.

When Spotify acquired digital sports and culture outlet The Ringer back in February, it marked the fourth podcast company acquisition made by the audio streaming giant in the space of 12 months. That US$400 million spending splurge saw Gimlet Media, Anchor FM and Parcast all come under the control of the Swedish company. And it is not just networks being snapped up, either. In May, the Joe Rogan Podcast, a chart leader in most English-language markets and previously withheld from Spotify by the host, was acquired by the firm on an exclusive licence for a reported US$100 million.

Academia and podcasting have a similar problem: unless you’re involved in them, they seem incredibly intimidating to get into. With academia that is mostly true; a number of economic, systemic, and personal reasons make it inaccessible for a lot of people. With podcasts, however, that is not the case — to the same extent. If you have access to a recording device, editing software, and an internet connection, that is all you need to share your work with the digital world.

The global pandemic has upended our entire nation. When we think of the aftermath since the coronavirus first struck the United States, it still leaves us with a great deal of uncertainty.

Everyone from healthcare workers to business leaders to tradesmen are watching as everything around them changes, and theres nothing they can do about it other than to roll with the punches. Nothing is the same, and it may never be the same again.

But when we look closer at certain sectors, not all of them have a negative story to tell. COVID-19s shock has actually jolted some industries alive. Far-reaching technological adoption, an increased consumer consumption, and a spike in advertiser’s reallocating their budgets to make the most impact during the pandemic, podcasting is having its moment. And it is a big one.

This is great news, of course, but how exactly is podcasting changing under COVID-19’s influence?

Original podcasts from SiriusXM that chronicle sports greatest rivalries, comedys biggest legends, country stars humble beginnings, and gripping first-person tales from medicines front lines

Plus, influential podcasts from FOX News and popular podcasts from leading creators and providers including Stitcher, NBC News, CNN, NPR, ViacomCBS, The Wall Street Journal, HBO, Wondery, ESPN, Barstool, TNT, Joel Osteen Ministries, WNYC Studios, Slate, TED, Westwood One, PRX, and many more

On Tuesday, Spotify, the audio streaming behemoth, announced another acquisition. It struck a deal to buy Megaphone, a podcast ad tech company that works with thousands of content publishers, including Disney and Spotify itself. The $235 million purchase positions the Swedish company to become a dominant player in the podcast advertising business.

The deal with Megaphone is just the most recent example of Spotifys aggressive expansion into podcasting through a rapid string of acquisitions. In 2019, it purchased the premiere podcast production network, Gimlet Media, and later snapped up Parcast, which specializes in true crime shows, and bought The Ringer, a media company focused on sports and pop culture.

Podcasting is having a moment. Maybe, if we stretch just a bit, a year. And possibly even an era.

Twitter just bought podcasting platform Breaker, the app that took podcasting and made it social. And what began as a trend — Spotify buying podcast platforms Anchor and Gimlet in 2019 — is turning into a torrent as many of the other big players in technology are buying podcasts, podcasters, podcasting tools, and podcast publishing platforms.

Tech moves in eras.

There was the era of PCs. The era of search. The era of social, and the era of smartphones. None of these necessarily roll over and go away: like radio or TV or magazines, they adapt, morph, and persist as new eras and new paradigms take precedence. But each era focuses innovation and investment and attention in a new space.

Today podcasting is one of those spaces.

The deal, valued at $300 million, is the latest in a string of acquisitions as streaming platforms expand beyond music and video.

Podcast-listening has skyrocketed over the past couple of years. In fact, it’s quickly becoming one of the fastest-growing mediums, with forecasts predicting the number of podcast users to exceed 160 million by 2023.

Do you have a niche?
Podcasts that focus on a specific niche or subject matter tend to perform better and garner more regular listeners than those covering broad topics.

Do you have the time?
Although the best podcasts come off as being off-the-cuff conversations, the truth is that a lot of time and commitment are involved in bringing them to life.

Do you want to raise your profile or make money?
Podcasts can be great tools for raising your thought leadership profile, but if monetization is your primary goal, you will probably want to invest your time and money somewhere else.

The year that is coming to an end was a pivotal one in the development of podcasting as an industry. The major business models, players, and axes of power are coming into focus as the industry matures.

Prognostications about the future of podcasting often boil down to a simple question: will podcasting will end up looking more like digital music or digital television? In the music industry, people have access to the same enormous catalog of music (more or less), through several different services, either for a monthly subscription fee or free with ads. In television, there is no single place to get “all” TV shows; instead there’s a growing number of mostly paid subscription digital platforms with distinct (if slightly overlapping) subsets of the universe of content.

The events of the past year tell us that the answer to that question is some of each. Podcasting looks like it’s headed towards a two-tiered future, where the lower tier looks like YouTube or Spotify Free and the higher tier looks like Netflix  or Hulu.

Open podcasting is the foundation on which the entire industry was built: in short, an ecosystem that allows content creators to share their work with listeners everywhere, through all the applications and podcast players that exist.

The magic of podcasting is discovering a new show that you look forward to sharing with friends, or following one for so long that you feel like part of a family, and all of that is made possible by the open nature of the industry.

As per the research report titled Global Podcasting Market Size study, by Genre, by Format (Interviews, Panels, Solo, Conversational) and Regional Forecasts 2020-2027 available with Market Study Report LLC, global podcasting market is expected to witness unprecedented growth during 2020-2027.

According to the business intelligence report, emphasis among podcast production studios on the distribution and production of their content on audio platforms such as Spotify, coupled with emergence of high bandwidth, and personal digital assistants are augmenting the growth of global podcasting market size.

Increasing penetration of internet as well as smartphones, inclination towards audio and music content, growing acceptance of audio broadcasting content, and escalating demand for podcasts are stimulating the global podcasting market outlook. Citing an instance, the IDC (International Data Corporation) recorded shipment of around 369.8 million units of smartphones by vendors in the fourth quarter of 2019.

Leading players that define global podcasting industry trends are TuneIn Inc., Stitcher Radio, Spotify AB, SoundCloud, Entercom Communications Corporation, Pandora Media LLC, Megaphone LLC, iHeartMedia Inc., and Apple Inc.

On the contrary, storage space issues and high costs associated with podcasting are expected to impede the industry expansion throughout the analysis timeframe.

Spotifys $100 million-plus Anchor acquisition is seemingly paying off. In data released today as part of its annual Wrapped look-back on the year, the company says Anchor, which makes podcast creation software, powered 80 percent of new podcasts on Spotify this year, meaning the software contributed more than 1 million shows to Spotify’s catalog in 2020 alone. Overall, Anchor powers 70 percent of Spotifys total podcast catalog, or around 1.3 million out of over 1.9 million shows.

2020 has been a transformational year for many industries. For media and content creators, pivoting strategies is nothing new. With the emergence of OTT and other cord-cutting methods, television networks, movie theaters, and even traditional radio have been shifting for at least a decade.

With consumers demanding more content quicker, podcasting is taking over earbuds and smart speakers everywhere. Not surprisingly, podcast listening rose during the COVID-19 pandemic.  

Seventy-five percent of Americans know about podcasts, according to Edison Research. Digging deeper into the numbers, about 104 million Americans listen to podcasts monthly -- with the average listener streaming at least five hours of podcast content a week.  

While there may be close to 1.5 million podcasts out there, not all of them are in production. Do not let that discourage you from joining the podcasting revolution. Podcasting is one of the best ways to get your business message out there, no matter your niche.  

In April 2020, Apple Podcasts announced a milestone: Its catalogue featured one million podcasts. That might have reflected the COVID-triggered surge in podcasting last spring. With so many locked down at home, launching a podcast seemed like a good idea. Visions of stardom might have danced in their heads.

The other major presence in the podcast category, Spotify, went on an acquisition spree. That included the Joe Rogan podcast, with its 190 million downloads monthly. Forbes documents that the Rogan show made $30 million in 2019.

According to Podcast Insights, 155 million households in America have listened to podcasts. 45 percent of them have income over $75,000. The medium is mobile and smartphones drive usage.

1. Create An Ideal Listener Avatar
2. Know Why You Are Doing It
3. Be Authentically You
4. Interview Other Podcasters
5. Accept That Episode One Will Not Be Perfect
6. Get To Know Your Audience Intimately
7. Be Clear About The Value You Want To Bring
8. Never Quit
9. Know Your Audiences What Is In It For Me
10. Let Interesting Guests Talk You Up
11. Commit To A Disciplined Purpose For A Year
12. Find A Niche Aligned With Your Expertise
13. Take A Step-By-Step Approach
14. Figure Out What People Need To Hear
15. Be Relevant And Real

What is missing in the audio space today are platforms that empower podcast makers to build membership communities — and make it easier for podcasters to sell their own subscriptions. Today’s biggest platforms are not designed to help podcasters build and strengthen their audiences and their communities.

What’s missing is the ability of a publisher to create rich interactive experiences and distribute that on any app or any smart speaker.

In the coming year, I have no doubt that the biggest podcasting stars will continue to see large paydays as tech platforms bid to buy them out. But unless podcasting platforms evolve, what we could be left with will resemble the big industrial radio oligopoly of the late 1990s, and the diversity and promise of podcasting could begin to disappear.