Megadeals were driven by major players’ ambitions to build big libraries fast, but now the market is maturing and belt-tightening is becoming the norm.
: Studios are reining in budgets and implementing hiring freezes and layoffs. The podcast industry, which is still settling into its sweet spot in the pantheon of capital-E Entertainment, appears poised to follow suit both as a reaction to the economic downturn and as a reflection of audio’s past years of massive growth.
It’s no secret that podcasting has seen an influx of corporate cash driven by players like Spotify, Amazon, iHeartMedia and SiriusXM. That cash, resulting in an influx of megadeals and new talent coming into the once-niche medium, was largely driven by these companies’ ambitions to create inventory and demand for a ballooning audio ad market by building out their libraries and growing global listenership.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Nomura cuts 18 Asia banking jobs as dealmaking slows -sourcesNomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, after a sharp slowdown in dealmaking activity, according to two sources with direct knowledge of the matter.
Lire la suite »
Goldman Sachs misses profit estimates on dealmaking slumpGoldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit due to heavy losses in its consumer business and a slump in dealmaking that hit its investment banking unit.
Lire la suite »
Goldman, M. Stanley profits plunge as dealmaking dries upNEW YORK (AP) — The profits for two iconic Wall Street firms — Goldman Sachs and Morgan Stanley — plunged sharply last quarter as volatile markets cut deeply into investment banking. Goldman's profits tumbled 66% to $1.33 billion in the fourth quarter, it said Tuesday, well below what Wall Street had expected.
Lire la suite »
Goldman misses profit estimates as dealmaking slumps, consumer business hitGoldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit as it struggled with a slump in dealmaking, a drop in asset and wealth management revenue and booked losses at its consumer business.
Lire la suite »
DoorDash stock rises on nationwide Starbucks delivery expansion, as analysts weigh recession impact on gig platformsShares of DoorDash Inc. rallied on Tuesday after the food-delivery platform said it would widen its delivery partnership with Starbucks Corp. to more states
Lire la suite »
This payment stock can surge 25% as a potential recession means less competition, Morgan Stanley saysGlobal Payments will see less competition in the event of an economic slowdown, boosting the stock, according to Morgan Stanley.
Lire la suite »