Spotify acquires Gimlet podcast network
After only five years of independent programming, the Gimlet podcast network was bought by Spotify for $230 million. This acquisition represents a growing movement of podcast networks and collectives ranging from corporate institutions to non-profit grassroots organizations. Some traditional radio stations have adapted to this model (WNYC) while others have struggled to remain competitive.
(1) "Home | Gimlet", Gimlet Media, accessed December 7th, 2019, https://gimletmedia.com/
(2) "Spotify - Logo and Brand Assets", Spotify, accessed December 7th, 2019, https://newsroom.spotify.com/media-kit/logo-and-brand-assets/