Data powers the business world and podcasting is no exception.
Evo Terra:Knowing what works and what doesn't across the whole of podcasting
Evo Terra:is a major competitive advantage.
Evo Terra:And guess who now owns it?
Evo Terra:Hello, and welcome to another Podcast Pontifications with me, Evo Terra.
Evo Terra:Recently, Spotify reached in their big bag of holding and pulled out enough cash
Evo Terra:to purchase both Podsights and Chartable.
Evo Terra:As a serious podcaster, you are probably already using
Evo Terra:one or both of those services.
Evo Terra:I know I am.
Evo Terra:But if you're not, here's a very brief, and way, way too far brief,
Evo Terra:actually, explanation of what they do.
Evo Terra:Third-party validation.
Evo Terra:That's it.
Evo Terra:I mean, both do a lot more than that, but suffice to know that a good chunk
Evo Terra:of the overall podcast advertising spend relies on those two companies,
Evo Terra:from indie podcasters all the way up to really, really large networks.
Evo Terra:Both are, or perhaps were, also attractive to podcasters who wanted a
Evo Terra:more complete, or maybe a different, view about their show's availability.
Evo Terra:Well, just about every hosting service for podcasters provides
Evo Terra:analytics to their account holders.
Evo Terra:The data is sometimes sliced and diced weirdly, and even for IAB-certified
Evo Terra:hosting services, the numbers don't line up because podcasting.
Evo Terra:So, if you've switched hosting platforms or you're running podcasts across
Evo Terra:multiple, different hosting companies, or you just want some sort of normalized data
Evo Terra:on downloads for some comparison's sake, you're probably using one of those two
Evo Terra:services or something very much like them.
Evo Terra:And now both of those services are owned by Spotify, which gives
Evo Terra:Spotify a lot more access to data about more podcasts, maybe even your
Evo Terra:podcast, and certainly my podcast.
Evo Terra:Now, here's why that may not be such a great thing.
Evo Terra:See the issue is, in a nutshell, and you can, I mean, we'll find out
Evo Terra:whether you care about this or not after I give you this little nutshell.
Evo Terra:If you're using either Podsights and Chartable to collect data or to provide
Evo Terra:additional insight on your podcast, Spotify can see that very same data now.
Evo Terra:If you're using smart promos, attribution modeling, or any of the
Evo Terra:other nifty features to further optimize your podcast, regardless of your
Evo Terra:monetization strategy or lack thereof, Spotify can see that very same data.
Evo Terra:Now, I'm a proponent of making more data about podcast performance public.
Evo Terra:Downloads.
Evo Terra:Completion rate.
Evo Terra:Subscriber accounts.
Evo Terra:Listening patterns.
Evo Terra:I'm the kind of loon who thinks that more of that should be unpacked
Evo Terra:and on display for everyone to see.
Evo Terra:And yes, I recognize there are lots of implications about what I just said.
Evo Terra:Yes, I realize I'm in the minority position.
Evo Terra:But I remain hopeful we'll get there one day.
Evo Terra:So, yeah, I'm all for making data public.
Evo Terra:So if that's the case, though, why am I, well, I guess if not
Evo Terra:uncomfortable, at least wary of giving Spotify access to the very source of
Evo Terra:information I would like to see public?
Evo Terra:And the answer to that is simple.
Evo Terra:Giving it to Spotify does not make it public.
Evo Terra:It just gives an advantage to Spotify and Spotify only.
Evo Terra:And while I'm not on the anti-Spotify train, I do try to keep them a little
Evo Terra:bit at arms length because, you know, Spotify has become the dominant player.
Evo Terra:By some indications you might even say they are the dominant
Evo Terra:player now in podcasting.
Evo Terra:But their actions have been Spotify-first.
Evo Terra:And sure, I'd expect that same thing for any profit hungry company throwing
Evo Terra:around hundreds of millions of dollars.
Evo Terra:Like my granddaughter slaps her access card around Chuck E.
Evo Terra:Cheese.
Evo Terra:But Spotify has placed massive GDP-level bets on podcasting.
Evo Terra:If you listen to Daniel EK talk, sure seems like he's staking the future
Evo Terra:of his entire company on podcasting.
Evo Terra:Their investments, incredibly large investments, in this
Evo Terra:space have to pay off.
Evo Terra:And one of the biggest way to find profits is by churning through data.
Evo Terra:Not just your own data, but data from the entire industry.
Evo Terra:And now they, Spotify, have access, unprecedented access, to
Evo Terra:a statistically relevant sample of the entirety of podcasting.
Evo Terra:Big shows.
Evo Terra:Small shows.
Evo Terra:Shows that release every single day or maybe every single week without fail.
Evo Terra:Shows that release whenever the heck the host feels like it.
Evo Terra:Serialized shows that drop all episodes at once and then go dark for months or years.
Evo Terra:Podfaded shows that still get downloads.
Evo Terra:Experiments on new formats and styles of podcasting.
Evo Terra:Podcasts that switch their hosting companies or get
Evo Terra:gobbled up by big networks.
Evo Terra:Podcasts that make money.
Evo Terra:Podcasts that spend money advertising on other podcasts.
Evo Terra:That's a lot of data.
Evo Terra:And it's just going to make Spotify smarter, smarter about what works in the
Evo Terra:business of podcasting, smarter about what kinds of shows people are consuming
Evo Terra:across all of podcasting, smarter about the connections listeners have
Evo Terra:and podcasts have between each other.
Evo Terra:It is, again, an unprecedented amount of data and data that only Spotify will own.
Evo Terra:Now they've gone so far, I'm being honest here, to say, to state publicly, and issue
Evo Terra:statements saying that they'd never ever use any of the data that they now own to
Evo Terra:give them advantage over the competition.
Evo Terra:Uh-huh.
Evo Terra:Come on.
Evo Terra:They're here in business to make money.
Evo Terra:I mean, how long can they keep their hands out of the cookie jar when
Evo Terra:the pressure from their investors to turn a profit really heats up?
Evo Terra:My bet is not very long at all.
Evo Terra:So what am I going to do?
Evo Terra:I mean, a download you made to listen to the show right now is
Evo Terra:tracked through both Podsights and Chartable, which now means Spotify.
Evo Terra:So am I going to remove those services?
Evo Terra:Maybe.
Evo Terra:But I'm certainly going to start looking for viable options that are actually
Evo Terra:neutral third parties, that's for sure.
Evo Terra:And you know what?
Evo Terra:You probably should, too.
Evo Terra:With that, I shall be back directly with yet another Podcast Pontifications.
Evo Terra:Cheers!
Evo Terra:Podcast Pontifications is written and narrated by Evo Terra.
Evo Terra:He's on a mission to make podcasting better.
Evo Terra:Links to everything mentioned in today's episode are in the notes
Evo Terra:section of your podcast listening app.
Evo Terra:A written-to-be-read article based on today's episode is available at
Evo Terra:podcastpontifications.com where you'll also find a video version and a corrected
Evo Terra:transcript, both created by Allie Press.
Evo Terra:Podcast Pontifications is a production of Simpler Media.