After a breakout year, looking ahead to the future of podcasting

TechCrunch | 8/21/2019 | Staff
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Justine Moore is a venture investor at CRV and co-founded Cardinal Ventures alongside her sister, Olivia.

Olivia Moore is a venture investor at CRV and co-founded Cardinal Ventures alongside her sister, Justine.

Breakout - Year - Podcasting - Edison - Research

2019 has been a breakout year for podcasting. According to Edison Research’s Infinite Dial report, more than half of Americans have now listened to a podcast, and an estimated 32% listen monthly (up from 26% last year). This is the largest yearly increase since this data started being tracked in 2008. Podcast creation also continues to grow, with more than 700,000 podcasts and 29 million podcast episodes, up 27% from last year.

Thanks to this growing listener base, big companies are finally starting to pay attention to the space — Spotify plans to spend $500M on acquisitions this year, and already acquired content studio Gimlet, tech platform Anchor, and true crime network Parcast for a combined $400M. In the past week, Google added playable podcasts to search results, Spotify released an analytics dashboard for podcasters, and Pandora launched a tool for podcasters to submit their shows.

Podcast - Movement - Industry - Conference - Years

We’ve been going to Podcast Movement, the largest annual industry conference, for three years, and have watched the conference grow along with the industry — reaching 3,000 attendees in 2019. Given the increased buzz around the space, we were expecting this year’s conference to have a new level of energy and professionalism, and we weren’t disappointed. We’ve summarized five top takeaways from the conference, from why podcast ads are hard to scale to why so many celebrities are launching their own shows.

We’ve officially entered the age of celebrity podcasters. After early successes like WTF with Marc Maron (2009), Alec Baldwin’s Here’s The Thing (2011), and Anna Faris’ Unqualified (2015), top talent is flooding into the space. In 2017, 15% of Apple’s href=""https://www.allaccess.com/net-news/archive/story/172268/apple-podcasts-charts-top-20-most-downloaded-podca"> top 20 most-downloaded podcasts...
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