Spotify just purchased Megaphone. iHeartMedia announced picking up the bulk of Voxnest last week. Other companies are making moves into this same world. The industry is turning into an advertising world, and while it’s only $1 billion in revenue, more are listening today than ever before. 90 million people listen to at least one podcast on a monthly basis.
Spotify, iHeartMedia and SiriusXM are making big podcast investments.