Om Malik: ‘Why Spotify Bought Chartable and Podsights’

Om Malik:

In many ways, the Chartable and Podsights acquisitions remind me of Facebook’s under-the-radar purchase of Onavo, the VPN/data tracker. It paid $200 million in 2013 for a company that allowed it to gather deep intelligence into what was happening with various apps — who was hot, who was not, and what was going to be hot. Many sources over the years told me that Onavo allowed Facebook to figure out the potential of Snap even before Snap founders knew what they had on their hands. Onavo data was crucial in making deals for Instagram and Whatsapp, amongst other things.

Podsights and Chartable would allow Spotify to know which podcasts are most effective or have tailwinds and could get famous shortly, giving them an excellent opportunity to either lock up that content into exclusive deals or bring them in-house. And remember, they could use the same data to create copy-cat podcasts — much like how Netflix creates copypasta versions of hit shows from other networks that get popular on its platform. Since Spotify controls the “attention spigot,” it can direct it at in-house podcasts and turn them into big hits.

★ Tuesday, 22 February 2022