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Audio is the Fastest Growing Digital Ad Sector + 6 Other Stories
Episode 17
This Week On The Download: the IAB cites digital audio as the fastest-growing digital ad sector, Anchor language update embraces global podcasting, and Adweek launched their own podcast network. Let’s get started. Good news for those in the world of digital advertising: your efforts are working extremely well, according to the International Advertising Board. On Tuesday the IAB published an article titled https://www.iab.com/news/digital-advertising-soared-35-to-189-billion-in-2021-according-to-the-iab-internet-advertising-revenue-report/ Not the catchiest of headlines, but the article is full of good news. “The growth is consistent with a recent study from Harvard Business School, commissioned by IAB, which showed the internet economy has grown seven times faster than the U.S. economy over the past four years and now accounts for 12% of the U.S. GDP.” Digital advertising in general might be up, but there’s a tiny bit of news for the world of podcasting. Digital video, social media, and search revenue are all trending upward but digital audio has outpaced them all. According to one of the IAB’s highlights, digital audio took home the highest year over year growth at 57.9%, totaling $4.9 billion. There’s a lot changing in the world of advertising. Both this and previous episodes cover the small evolutions required to adapt to new tech, legislation, and industry standards. Despite it all, podcasts are still bringing in the money. One of the big-picture stories we’ve been following on The Download for months is that of podcasting as a global medium, not just something for English-speaking markets. The biggest news on that front was posted last Thursday on the official blog of Spotify’s podcast hosting platform Anchor. As of Thursday, https://blog.anchor.fm/updates/anchor-web-localization?utm_source=podnews.net&utm_medium=rss&utm_campaign=podnews.net:2022-04-11
“One of our biggest goals is to ensure that creators everywhere have access to all the robust tools and features Anchor has to offer. And while creators around the world have been able to record, host, and grow their podcast on our platform, Anchor on web hasn’t always been available to everyone in their native language.” As podcasting grows its infrastructure needs to grow with it. Localizing websites built for a different language is difficult under the best conditions. A major player in the podcasting industry allowing sites built on their service to be built in the native language of thirty five languages is a big step forward in supporting a world where the idea of a podcast does not automatically default to something produced in English. On Tuesday Al Mannarino, writing for thehttps://www.adweek.com/podcasts/. “We are excited to announce the launch of the Adweek Podcast Network, the first-ever podcast network for advertising and marketing professionals, brand enthusiasts and anyone curious about what the heck that ad they saw was about.” The new network is planned to feature twelve podcasts, featuring five new creations, four existing Adweek shows, and three pre-existing podcasts from Adweek partners. “Through our partnership with Acast, the world’s leading independent podcast hosting platform, we’ll make sense of trends, tackle pressing challenges, and share top-tier insight to help you level up your career, creativity and strategy.” Adweek joins an ever-growing group of media outlets, organizations, and others who’re capitalizing on the inherent cross-promotional capabilities of a network. More content, more inventory, and a shiny new delivery vehicle
Published on 3 years ago