/PRNewswire/ Lemonada Media, the podcast network that presents humanity unfiltered, announces today it has raised $8 million in Series A (second-round).
During Q1, Spotify s paid subscriber total grew to 158 million, up 21% from the same period a year ago, as the streaming giant s battle with Apple Music and Apple Podcasts heats up.
While Spotify welcomes the subscriber growth, it cautioned about uncertain expansion moving forward. Some of its newest growth markets most notably India are experiencing surges in COVID-19 cases, casting an uncertain light on future returns.
Average revenue per user dropped 7% year-over-year to 4.12 euro, or around $4.98. The company attributes the decrease to lower prices in new markets and discounted plans designed to attract new subscribers.
Spotify s total subscription revenue rose 14% to 1.93 billion euro, the equivalent of $2.33 billion. Global consumption hours also grew year-over-over. Per-user consumption grew in developed regions. Meanwhile, developing regions showed signs of improvement but remained below pre-COVID levels.
Spotify now has 158 million subscribers as war with Apple intensifies During Q1, Spotify s paid subscriber total grew to 158 million, up 21% from the same period a year ago, as the streaming giant s battle with Apple Music and Apple Podcasts heats up.
Spotify CEO Daniel Ek
While Spotify welcomes the subscriber growth, it cautioned about uncertain expansion moving forward. Some of its newest growth markets most notably India are experiencing surges in COVID-19 cases, casting an uncertain light on future returns.
Average revenue per user dropped 7% year-over-year to 4.12 euro, or around $4.98. The company attributes the decrease to lower prices in new markets and discounted plans designed to attract new subscribers.
The three-year agency veteran reps audio clients including Stuff You Should Know, Lemonada Media and Maximum Fun.
CAA is formalizing the creation of a department dedicated to the fast-growing podcast space and has put one of its veteran audio agents in charge of the group.
Josh Lindgren has been named head of the agency s podcast department. The promotion comes nearly three years after he joined CAA s touring department from Billions Corp. Josh has long been at the forefront of the podcast market, and his deep passion for and understanding of the medium have been essential to accelerating the growth of CAA s business, said co-chairman Kevin Huvane. Josh has done a remarkable job to expand our clients’ creative footprint in podcasting and we are excited to have him lead the department to new heights.
CAA Taps Josh Lindgren To Lead Podcast Department
His roster includes iHeartRadio’s “Stuff You Should Know” and NPR correspondent Ari ShapiroUmberto Gonzalez | March 11, 2021 @ 1:22 PM
Creative Artists Agency (CAA) has named Josh Lindgren as the head of its podcast department, the agency announced Thursday.
“Josh has long been at the forefront of the podcast market, and his deep passion for and understanding of the medium have been essential to accelerating the growth of CAA’s business,” co-chairman Kevin Huvane said in a statement to TheWrap. “Josh has done a remarkable job to expand our clients’ creative footprint in podcasting and we are excited to have him lead the department to new heights.”