Under its public media ownership, the app was made free to download after previously costing $3.99. It also happened to make Rogan the highest-paid podcast host on the planet. NPR’s share of the loss was more than $800,000. Spotify Dominates Android Podcast Listening The 20 Million Dollar Industry Tsunami When Spotify signed the popular podcast to an exclusive 20 million dollar deal it changed the game. NPR’s financial statement showed that Pocket Casts had a net loss in the network’s fiscal year 2020. NPR and NYPR increased their ownership stake to 34.6% each, while CPM decreased its stake to about 27.5%. The organizations formed Podcast Media LLC, which operates the podcast platform and is governed by a board of representatives from each organization.īBC Studios Americas acquired a small ownership stake last year in Pocket Casts - about 3.4%, according to the NPR AFR. NPR, New York Public Radio and Chicago Public Media acquired Pocket Casts in 2018, with each taking a one-third ownership stake. NPR spokesperson Isabel Lara told Current that “the plan of a sale” of Pocket Casts is in “early stages of development.” Lara did not respond to other questions about the sale. For example, the app takes the most prominent color from the album art and colorizes the rest of the playback interface based on that color. Moog did not respond to Current’s questions about the sale. Pocket Casts has one of the most colorful, pleasant to use interfaces. There are more than 100 alternatives to Pocket Casts for a variety of platforms, including Android, iPhone, Online / Web-based, Windows and Linux. 10 Best Podcast Apps in the Philippines 2023 Pocket Casts, Castbox, Spotify. Pocket Casts CEO John Gibbons did not respond to Current’s questions, calling the situation a “fluid event.” Gibbons referred questions to board chair Matt Moog, interim CEO at Chicago Public Media. And whether youre new to enjoying podcasts or already a longtime listener. The public broadcasters who own Pocket Casts are selling the podcast platform, less than a year after it was declared public media’s “ answer to Spotify.”Ī board made up of representatives of Pocket Casts’ owners - NPR, New York Public Radio, Chicago Public Media and BBC Studios Americas - agreed in December to sell the platform, according to NPR’s latest audited financial report.
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