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Programmatic Advertising Could Make Podcasting a $6 Billion Industry by 2026 & 7 Other Stories
Episode 16
This week: Analyst predicts programmatic will get podcasting to six billion in ad spend, the new iOS update takes care of AppleCoreMedia, Apple announces virtual neighborhood for Latine Heritage Month, brand-lift studies are catching up with the times, and kids content is booming for Paramount+. Programmatic advertising could make podcasting a $6 billion industry by 2026 Manuela: In last Friday’s Hot Pod Insider, Ariel Shapiro covers B. Riley analyst Daniel Day’s newest publication about the industry. His most attention-grabbing prediction, as the headline spoils, expects podcast ad spending to be up to six billion dollars within four years. It’ll be an uphill battle to get there. Shapiro points out the potential downsides of programmatic without the right data and infrastructure by recalling the infamous Wild Turkey incident. Back in May Spotify accidentally ran an ad for budget whiskey on every podcast on the app simultaneously, leading to a social media firestorm as users posted screenshots of the most inappropriate examples of podcasts to pair with Wild Turkey. Day is of the opinion more detailed location data will be a game-changer that avoids such issues in future. “Small and mid-sized businesses really have almost entirely sat out podcast advertising to date,” Day told Hot Pod. “These advances in geo-targeting and programmatic allow mom and pops and local, regional businesses to access this medium in a way that they couldn’t before, absent reaching out to like some local sports or news podcast. Now, they can target audiences listening to some big national podcast.” Day points to iHeartMedia putting significant investments into podcasting, as well as podcasting making up a larger portion of the company’s revenue each year, as examples of the growth he projects in action. iOS 16: What’s new for Apple Podcasts Shreya: Last Wednesday Apple published an update blog detailing some of the new features coming with their iOS 16 update. The update comes with some creature comforts for the user, such as more prominent placement of the sleep timer button and better Apple Watch integration for podcasts. There’s also a bit of housekeeping noted, in case you missed the multiple emails over the past few weeks:
“Show and provider titles will continue to be displayed alongside show artwork on the Library and Search tabs, so make sure your show’s metadata is up to date and that your artwork includes your show’s title for the best experience.” The most important feature of this update for the business side of podcasting isn’t mentioned in the update blog, though. This update brings the change to AppleCoreMedia user agent that’ll shift how we view Apple’s footprint in podcasting. As covered in our June 10th episode, this will lead to far less confusion as to what traffic is actually coming from Apple Podcasts. Those who didn’t report ACM will no longer underestimate traffic from Apple, and those who labeled all traffic from ACM as Apple will get a more balanced look at just how much traffic is coming out of Apple. For those that are code-savvy, we’ll include a link in the show notes to the official Apple developer page for the updated user agent key. Apple Podcast launches "El Vecindario" collections. Manuela: On the subject of Apple: This Monday an email sent by Apple announced their plans for Latine Heritage Month, which runs from today through October 15th. “Later this month, Apple will showcase the abundance of Latine created content across genres, formats, and languages – and spotlight many great creators. Appl
Published on 2 years, 7 months ago