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  • 🎥 Inside the Evolving Podcast Industry: Layoffs, Innovation and Growth

🎥 Inside the Evolving Podcast Industry: Layoffs, Innovation and Growth

The future of podcasts looks promising with several developments on the horizon. One trend is the rise of podcast cuts, where shorter, more digestible episodes are gaining popularity.

This allows listeners to consume content more easily and fits into their busy schedules. Additionally, podcast awards are becoming more prevalent, recognizing the best shows and creators in the industry.

This not only boosts the credibility of podcasts but also encourages more high-quality content. Furthermore, new partnerships are being formed between podcast platforms and media companies, leading to increased distribution and exposure for podcasters.

These collaborations open up new avenues for monetization and audience growth. Overall, the future of podcasts is bright, with innovations and opportunities paving the way for continued success.

Happy Podcasting!!

QUOTE OF THE WEEK

The fourth annual Latino Podcast Listener Report found that monthly podcast listenership among Latinos has increased by 52% since 2020, nearly four times faster than the rate among the general U.S. population.

LWC Studios, the Latina to Latina podcast, Libsyn, Latino Media Network, and SXM Media commissioned the Edison Research report, which was presented today in a webinar. A record high of 38 percent of U.S. Latinos age 18 and older listen to podcasts on a monthly basis in 2023, up from 25 percent in 2020.

U.S. Latino weekly podcast listeners are very interested in podcast advertisements: Nearly half (49%) of weekly podcast listeners who identify as Latino in the United States and are at least 18 years old have ever made a purchase after hearing an advertisement. When compared to other places they hear advertisements, 49% of Latino weekly podcast listeners say they are more likely to buy a product they heard promoted on a podcast. bank.

A groundbreaking study on advertising's impact on business growth found that powerful creative, high-attention media, and increased investment maximise brand ROI.

The Triple Opportunity of Attention study – conducted by authorities in marketing effectiveness Rob Brittain, Orlando Wood and Professor Karen Nelson-Field – combines data from the ACA Effectiveness Database* with attention metrics from Amplified Intelligence and emotional response testing from System1 to assess the impact of creativity, attention and Extra Share of Voice (ESOV) on business growth.

The study found that:

  • Platform is crucial: Attention decays faster on some platforms than others, and this decay rate plays a fundamental role in business success. While all platforms impact campaign effectiveness, higher-attention platforms deliver more mental availability for a brand than low-attention platforms and have a larger impact on key business metrics such as customer acquisition, profit growth and market share.

  • Creativity is king: Attention to drama, emotion and critical moments helps creative work achieve maximum impact – firstly by extending the audience’s attention and secondly by helping to lodge the brand in the audience’s memory, driving positive business effects. Furthermore, creativity and platform go hand-in-hand: higher-attention media platforms enable creative to work more effectively, turbocharging the business effects by up to 65%. On the other hand, creativity can’t overcome the limitations of low-attention platforms.

  • Spend is key: Excess Share Of Voice (ESOV) continues to drive positive business effects. On the other hand, low investment (negative ESOV) limits or depresses the impact of highly creative and emotional ads.

Crucially, the research found that while each factor on its own will help the commercial impact of an advert, it is when the three factors are combined and working in unison that maximum ROI is achieved: a high-attention platform unlocks the ability of ESOV and creativity to move the commercial needle, investment is amplified with the right creative on the right platform, and creative, emotional work is best showcased on a high-attention platform backed by spend. This represents the triple opportunity of attention for advertisers.

Send press releases and events to [email protected] Other ways to contact us. Editorially, we may rewrite headlines and descriptions.

How do I grow my business faster? What's the secret to success? How can design a business that serves me, not the other way around?

Your host, Steph Taylor, asked all of these questions right before she built a million-dollar online business from the ground up in just a few short years. But she made every mistake along the way.

She puts out three episodes every week with titles like:

  • 5 tools to help me stay consistent with content and marketing

  • 6 mistakes that slow down audience growth

  • 7 pieces of bad business advice and how to avoid them

Her episodes are always practical and I am constantly writing down the takeaways . - Arielle Nissenblatt

Passively Generating a 560% Return in 10 Years

Which investment would have given you a return of 560%+ over 10 years between 2011-2021?

The answer: The Invesco QQQ Trust ETF — a passive exchange traded fund (ETF) with a big weight towards technology companies.

Why? Technology is taking over and as an investor, it’s better to be on the right side of history. An investment in QQQ gives investors exposure to this growth diversified in over 100 non-financial companies.

But what else? Discover more trends by signing up to The Average Joe, a free 3x-weekly newsletter covering the latest market trends and stocks.

Become a better investor by reading their 5-minute, jargon-free stock market newsletter — covering only the relevant financial news for everyday investors.

Subscribe to the free newsletter and join 19,000+ investors discovering the latest market trends.

want to be featured on our job board ?

Here are our current featured roles. Check the job board for more jobs and some freelance gigs.

  •  On AIR Brand is looking for a VA/Project Manager. This is an opportunity for you if you are highly organized, meet deadlines, have an instinct and talent for creative/design.

  • Foureva Media is looking for part-time ,on-site  Podcast Producer. The Podcast Producer will be responsible for day-to-day tasks related to the production of podcasts, including audio recording, editing, and publishing.

  • Mongo DB is hiring a Podcast and Video Content Producer to become an integral part of our Developer Relations Technical Marketing team, focusing on the development and distribution of high-quality digital media.

  • NBCUniversal looking for a Dateline Audio (PEP) Producer . Play a key role in writing, planning and producing new episodes of original Dateline podcast content

Please mention Podworks.io or Podwires in your application.

To get more podcast jobs , subscribe to Podworks IO Click here

Send press releases and events to [email protected] Other ways to contact us. Editorially, we may rewrite headlines and descriptions.

THIS WEEK'QUESTIONS

What kind of podcast do you prefer to listen to?

Jaime’s answer to Tell us you have a podcast without actually mentioning it to us: “Listening to voices and stories that will provoke thought and hold your attention without the use of a screen.”

picture ofthe week
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Please contact us by sending a direct message (DM) to @realmikosantos and @podworks_io on Twitter if you have anything interesting to share because we love to hear them at [email protected]

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