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How Spotify Pivoted From Music Streaming to Audio Empire
In this episode of The Pivot Podcast with Fexingo, Lucas and Luna unpack Spotify's strategic pivot from a pure music streaming service to a multi-format audio platform. They explore the 2019 acquisition spree—including Gimlet Media, Anchor, and The Ringer—and how CEO Daniel Ek bet big on podcasting and audiobooks. The hosts break down the numbers: $340 million spent on Gimlet alone, and the subsequent shift in listener engagement. They also discuss challenges like rising content acquisition costs and advertiser hesitancy. By June 2026, Spotify hosts over 5 million podcasts and has…
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