Spotify's Podcast Ecosystem Comes Full Circle With Locker Room Buy: Analysts
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Spotify announced this week it had acquired Locker Room, a live-audio app similar to Clubhouse. This is the latest step by Spotify to create a full ecosystem for podcast production, analysts tell Insider. Spotify has invested hundreds of millions into podcasting since 2019 to diversify its revenue apart from music streaming. Spotify has taken a big step toward becoming a one-stop shop for podcasting after buying a social audio-chat app called Locker Room. Sp...
Source: businessinsider.com