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Wednesday, February 28, 2024

Sizzling Pod Summit is again

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That is Sizzling PodThe Verge’s e-newsletter about podcasting and the audio business. Join here for extra.

We’ve received a bunch of reports in podcast world, however first, an announcement: Sizzling Pod Summit is BACK, child! We’ve some actually nice stuff cooking that I can’t wait to share. 

I’m excited to announce that Hot Pod Summit is returning to Brooklyn on February twenty eighth, 2024, as a part of On Air Fest for a day of in-depth talks, intimate conversations, and business networking. The invite-only summit is our means of kicking off the 12 months in podcasting and speaking about what’s on everybody’s minds — I’m desirous to see you all, catch up, and listen to what everybody’s considering.

We’ll have extra to share about programming within the new 12 months. For now, tell us in the event you’re interested by attending right here. We’ll be sending out our first invites early subsequent 12 months.

The summit will kick off On Air Fest Brooklyn and is hosted together with our pals at work x work. Each occasions will probably be held on the Wythe Lodge, with On Air Fest operating from February twenty eighth by way of March 1st. (It’s a bissextile year!)

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On Air Fest has a incredible lineup deliberate, together with a reside story from Twenty Thousand Hertz creator Dallas Taylor, The Allusionist with Helen Zaltzman, Design Issues Stay with Debbie Millman, Talkhouse Stay, Sing for Science, and appearances from a bunch of different acquainted faces. The pageant can also be planning sonic artwork installations, networking moments, and events — you possibly can see the full lineup and buy tickets here.

There will probably be extra particulars on each Sizzling Pod Summit and On Air Fest quickly. Trying ahead to seeing you all subsequent 12 months!

SiriusXM is simplifying its inventory construction as a part of its firm makeover

Extra modifications are coming to SiriusXM as firm leaders try to tug it into the long run. SiriusXM is merging with its largest shareholder, Liberty Media’s SiriusXM monitoring inventory group, to form a new public company with one class of inventory and no majority shareholder.

Wall Road seems to approve, with the refill about 4 % on the information. “We view the conclusion as constructive to SIRI attributable to advantages from greater liquidity, decrease complexity and doubtlessly future index inclusion,” Wells Fargo analyst Steve Cahall wrote in a observe. There’s not a lot taking place in a means that straight impacts shoppers, however the transfer hopefully makes it simpler for buyers by giving SiriusXM a standard, simple construction versus the weirdo setup it has now.

It seems to be one other try by the corporate to modernize. Final month, SiriusXM previewed a revamped, consolidated app that appears and acts far more like different streaming apps in the marketplace. Having hemorrhaged subscribers this previous 12 months, the stress is on for the corporate to draw youthful, paying prospects.

Spotify cuts advert and distribution take care of Warner Bros. Discovery

Excellent news is tough to come back by at Spotify proper now, however Megaphone simply received an enormous new shopper. The podcast host lower a take care of Warner Bros. Discovery, which incorporates TV manufacturers like CNN and HBO which have produced in style podcasts lately like All There Is with Anderson Cooper and The Official Recreation of Thrones Podcast: Home of the Dragon.

WBD may even use Spotify Viewers Community as considered one of its advert gross sales companions. The deal contains exhibits from the WB a part of the WBD portfolio, together with Turner Traditional Motion pictures’ The Plot Thickens and WBD Sports activities’ The Steam Room. As The Hollywood Reporter notes, this announcement comes shortly after WBD cut a deal with Acast to host and monetize exhibits from the manufacturers previously of Discovery, like Meals Community, Journey Channel, and HGTV.

Layoffs at TWiT, buyouts at KCRW

The business’s robust 12 months isn’t over but. Podnews reports that This Week in Tech (TWiT), one of many earliest podcast networks, introduced that it had laid off longtime hosts Jason Howell and Ant Pruitt and editor Victor Bognot. TWiT founder and host Leo Laporte stated the community has suffered from a downturn in promoting and had an ominous message for listeners: “Radio received about 100 years, podcasting received a decade. That’s about it.”

In the meantime, NPR member station KCRW in Santa Monica is going through a $3 million shortfall, in keeping with the Los Angeles Instances, and is making an attempt to stave off layoffs with voluntary buyouts. Staffers have till December 18th to resolve whether or not to take the deal.

As we method the top of this bleak 12 months for podcasting, I might be shocked if this have been the final of the layoffs.

I’ll be again Thursday for Insiders with an interview with Laporte taking a look at how we received right here and what comes subsequent.

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