Spotify CEO Daniel Ek discussed the company's podcast acquisition plans and investment in original content in an interview with CNBC.
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Spotify buys Gimlet, Anchor to ramp up its podcast gameNEW YORK (AP) — Music streaming service Spotify is buying podcast companies Gimlet and Anchor as it looks to take on Apple's popular iTunes' podcasts. Gimlet Media has a podcast studio with dedicated IP development, production and advertising capabilities. Anchor has a platform of tools for podcast creators as well as an established and rapidly growing creator base. Spotify founder and CEO Daniel Ek said in a blog post that Spotify has become the second-biggest podcasting platform in a little less than two years.
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Spotify CEO lays out his plan to become the Netflix of audio as the stock drops on earnings'It's really about expanding our mission from just being about music to being about all of audio and being the world's leading audio platform,' Spotify's CEO said on the news that the company is acquiring 2 major podcast producers.
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Alibaba CEO Says China Consumers Still Spending Despite SlowdownAlibaba posted its slowest quarterly revenue growth in nearly three years, prompting executives to try to dispel market concerns that the e-commerce giant is being hit by China’s economic slowdown.
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