Spotify gets serious about podcasts with two acquisitions

Spotify is fully committing to building a podcast network today. The music streaming giant has acquired Gimlet Media and Anchor to boost its podcast credentials, as the company looks to grow its share of the podcast market. Gimlet Media is a start-up podcast network, and Anchor provides creators with tools to build, publish, and monetize podcasts. “In just shy of two years, we have become the second-biggest podcasting platform,” explains Spotify CEO Daniel Ek. “Our podcast users spend almost twice the time on the platform, and spend even more time listening to music.”

Ek believes that Spotify’s bet on podcasts will lead to 20 percent of all Spotify listening being non-music content in the future. “This means the potential to grow much…

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