Spotify aims to become podcasting power player

NEW YORK – Spotify, the world’s leading music streaming platform, on Wednesday (Feb 6) announced an ambitious plan to become a top streamer of podcast content.

The Sweden-based company plans to invest US$500 million (S$677 million) on non-music streaming this year, seeking to dominate its listener base by scooping up American podcasting companies Gimlet Media and Anchor.

Spotify already boasts a presence in podcasting, having acquired shows from actress and comedian Amy Schumer and rapper Joe Budden.

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