There is big money in podcasting. What does this mean for the industry? - Lebanon news - أخبار لبنان

There is big money in podcasting. What does this mean for the industry?

There is big money in podcasting. What does this mean for the industry?

New York (CNN Business)On getting word that Gimlet Media would be moving to unionize this week, writer Nick Quah sent out an “Emergency Issue” of his weekly newsletter about the podcast industry, “Hot Pod.” He opened by admitting, “Yeah, I’ve been pretty liberal with the emergency Hot Pods lately. But what can I say? It’s been a momentous first few months of 2019.”

Momentous, indeed.
Gimlet’s decision to unionize comes on the heels of Spotify’s “blockbuster” $230 million acquisition of the podcast production company along with the hosting platform Anchor. During a discussion with Brian Stelter on this week’s “Reliable Sources” podcast, Quah says Gimlet’s unionization drive is significant for two reasons: It is in keeping with the “broader movement that we’re seeing in other digital media companies,” and on execution, “will set the tone both internally” and “for the rest of the podcast industry.”

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