With huge audience growth forecast, the race is on to lead podcast distribution
Podcasting is experiencing a Netflix moment. Global hits – from the ground-breaking Serial to Up and Vanished, and TV crossovers such as Dirty John – and Spotify’s plan to spend up to $500m on leading producers have made podcasts a hot media property.
Global monthly podcast listener figures are forecast to grow more than six-fold, from 287 million in 2016 to 1.85 billion in 2023, according to the Ovum research company Ovum. In the UK, Ofcom says that nearly 6 million people tune into a podcast each week, double the number of five years ago.
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