Is the podcast bubble bursting?
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It's an alternative to Radio, and an alternative to YouTube for celebs who don't want the production hassle.
Also, you need enough momentum to convince advertisers as well.
It was a slow and bumpy ride but I think that all the pieces are now in place and so we'll see a lift.
My belief is that this is going to be more or less permanent a secular shift, not a pop, because the nature if it is just not very pop-sugar or hype-ish. NPR listeners are not faddish.
Obviously, content is still going to be important, and you can't just slap up BuzzFeed crap. NPR has a loyal following. Joe Rogan makes basically the perfect pop-culture podcast. Celebs have star power and invite other celebs for their love-ins. There's some popular specific podcasts on things like the 'Roman Empire'.
I don't think it will be a huge boon and I don't see any massive companies or takeovers, but it's a real shift.
But I agree it's kind of a new format, with new behaviours, much like Netflix.
The name of the show has changed to Live From Here for anyone interested.
And though a bit niche, if you enjoy world-class mandolin playing, you'll do far worse than Chris Thile. Man, mandolin or not, if you just enjoy good musicianship, give it a listen.
Even stuff that has to be listened to live, such as "Live from Here" (what used to be Prairie Home Companion), I connect the phone to a BT speaker and use the local NPR-affiliate app. Once in a great while I'll turn on NPR in the car, which is the only use I have for an FM receiver these days.
Cultural disconnect due to generation gap at play here too.
It's the difference between say, Adam22 and LenaThePlug talking to XXXTentacion about growing up in Lauderdale, FL and getting discovered via Instagram. Basically, an ex-pro skateboarder and webcam performer chilling with a rapper and his crew in the comfort of their own garage.
Versus Terry Gross asking Jonah Hill about his new 90s nostalgia film in the Fresh Air studio. The former represents a germane, bottom-up emerging sensibility. While the latter is the same commodification of "indie" culture we have seen a thousand times before.
Or it could be a simpler explanation: people are commuting more. It's something that you can "fire and forget" if driving, and doesn't rely on the data plan if you go through a tunnel.
I think the commute may be the last bastion of radio.
So there's something to be said for just leaving the radio on your station of choice and listening to that.
I think it's basically Netflix/Spotify for radio. Most of these people moved away from television to Netflix, spend most of their time listening to Spotify or, less and less, Soundcloud, and may or may not have gotten into YouTube, but clearly want something audio-only to put on in the background, listen to before bed, and definitely commute with, just not by car (because on the tram/train/bus you need to be able to pause, just as you now expect to be able to with shows and music).
Again, as with many types of content, there's so much of it that it's hard to monetize. Squarespace can only keep so many podcasts afloat.
I would not think clickbait journalism would be a natural fit for podcasts in that the barrier to entry is much higher than clicking on a ribald hyperlink.
To the degree podcasting declines as a viable standalone revenue stream, certainly podcasts that depend on people collecting salaries are going to go away. That's certainly not all podcasts, or even most, but it probably describes a lot of the better known ones.
It seems as if podcasting apps and sites are already pretty distributed. I think there are a lot of differences with RSS although I'd argue that directly consuming RSS was always a pretty niche activity. I suspect the decline of portals and the rise of social media had more to do with how blogging as we originally thought about it declined than Google pulling the plug on Reader.
It's decentralized & private. No one owns podcasting. Being protocol-centric rather than service-centric (eg youtube) has left it relatively free (as in speech). Being subscriber-centric has made the medium resistant to clickbait and spam and encouraged quality... Some of these are qualities remind me of the web circa 1998 or blogging circa 2004.
That doesn't mean there aren't problems. Discovery is poor, for example.
Turning popular into profitable... that's always been tough for online content. Same goes for youtube, blogging, etc.
Personally, I'm hoping it evolves into a youtube alternative.
But, yeah, podcasting looks a lot like blogging--especially earlier on. Very easy to get into but hard to discover and hard to directly monetize. Those who keep doing it are mostly doing so because 1.) It's a fun hobby and/or 2.) It supports and is subsidized by some other activity. Which is often the case with a lot of things including writing technical books for example.
It was fun, and I wish it could have lasted, but after a few months our viewership was still under 100 per episode, and we all had to go jobs and/or school still.
What's wrong with tracking raw downloads? This seems like a great way to measure a podcast's success since the number of downloads probably tracks pretty closely to the number of listeners (sure, I might download an episode or two of a new podcast to try it out, but I generally only download later episodes of podcasts I actually listen to).
As an aside, I think that podcasts are to radio what netflix is to television, in that netflix is able to profit off of shows with niche audiences. With users pulling content rather than producers pushing content, you end up with a lot more niche content. In the past month alone, I've listened to podcasts about:
* Analysis of supreme court decisions (First Mondays)
* A history of the watergate scandal (Slow Burn)
* A history of the English Revolution (Revolutions)
* Political interviews (various podcasts)
* Improvisational comedy (Improv4Humans)
* Random historical figures with a comedic twist (The Dollop)
Some of what I listen to is meant for a mass audience, but some of it is targeting a pretty specific audience, which I think is awesome. Personally, I love finding podcasts that get into the nitty-gritty details of whatever the subject is. I almost don't care about what the subject is, as long as the presenter is passionate about it.
As a podcast host... not really. We'll sometimes see our ambient download numbers swell while a batch of new listeners catch up on the backlog, then it'll die down while they wait for the next episode. So it's up and down all the time, with very little signal amongst the noise. Except for launch-day for a new episode, then it spikes up nice and high.
I think that there might be some who would want to pay based on how many people use the promo code of a podcast rather than the number of downloads or who would like number of plays not downloads. And if I, as a user, download the episode twice does that count as two downloads?
I seem to recall some discussion on the accidental tech podcast that some advertisers would like more analytics such as if the downloader listened to the episode all the way through or if they skipped the ads or something like that but podcast apps are not currently offering that.
I mean, that's one assumption you could make. Another equally-valid assumption is that 50% of downloads are listened to (depending on your definition of "listened to").
The metric is surely different for different shows — I'd hypothesize that most Hardcore History downloads are listened to, but for many shows this is likely guest-dependent.
Without data, we can only guess.
I've always heard ads were the most reliable approach, though.
I agree with your broader point though. Podcasting that isn't just a hobby or a side endeavor that supports the businesses that actually bring in the money is a tough business model. Not saying that there aren't popular/quality (not necessarily the same thing) ones that can pull it off well enough to eek out a continued existence, but it's tough and isn't going to get any easier.
This is different from (UK) motor vehicle duty, where the income and the expenses have nothing much to do with each other, and more like the requirement for all (UK) motorists to have insurance.
On the other hand, the UK government gets upset every so often about BBC coverage of its policies and reacts by threatening it with a lower licence fee, so it’s not not government funded either.
There are other options for advertising that seem to make more sense to me.
For example, the acquired.fm podcast is sponsored by VCs and investment banks, and their ads consist of a 30 second soundbite interview with one of the advertiser's employees.
risky.biz has a bit longer sponsor interviews, but with sponsors likely relevant to the target audience.
The Skeptics Guide to the Universe advertises for an education video subscription service.
Software Defined Talk advertises for a monitoring company.
And so on.
Yes, it takes work, but it seems to work, more or less. Some of these are hobby projects, but I think risky.biz is the producer's main income.
But, yeah, you get into professional production values and a lot of incremental gear and work gets involved--arguably for pretty incrementally diminishing returns. Whenever I'm involved in some way with video for some company event or web clip, I'm always a bit taken back by the amount of equipment that's set up to record a few minutes of talking head footage.
For example, if you listen to NPR interviews, you'll notice that questions and answers are articulate and succinct, with very few "ums" and "ahs " and such. This is because an editor removes most of the extra sounds, lengthy pauses, stammering, intakes of breath, etc.
There is also capturing the audio in decent quality. Having good microphones and equipment is just the first step. If recording indoors, one must account for room noise and echo. If outdoors, one must consider wind and background noise. Experienced audio engineers will be sure to record 1+ minutes of the ambient sound at the recording location, so they can use this if they need to insert any pauses. If recording multiple people, one must ensure they are all captured at a similar volume, especially if the recordings are all mixed together at capture time (if captured on separate mics/tracks this is easier to deal with). Some people also have a lot of "mouth noise" that is amplified by the mic, so you can hear clicks and squirts of saliva as they speak. It can be kinda gross, and there are tricks to working around this.
Editing the audio for content is also a substantial task. It takes skill to know what to leave in and what to remove, particularly if one wishes to be true to the speakers' intentions. Real conversation, if you listen to it, is messy. Lots of thought-switching mid-sentence, lengthy digressions, and things like that. Those are hard to listen to in a podcast, so a podcast that wishes to remain successful will need a skilled editor to smooth it all out. Often a 2 hour interview will become 25 minutes of usable audio. And it's especially tricky if recording with background noise, which will often betray the editing locations if one doesn't know how to mask them (usually with aforementioned ambient recording).
"Sound design" is another facet; if your podcast has music, audio clips, sound effects, etc., somebody needs to put them in the right place, set the volume levels correctly (some art, some science), fade in/out, etc.
So, yes, proper audio engineering takes some skill and makes a big difference in production quality.
At some point though, time and expertise are money. I'll do an interview-style/conversational podcast as a hobby or as one of the many little side things I do for my day job. But you start talking about multi-day production efforts and that's not something I'm just going to do for free.
Conversational podcasts about some niche topic and Radiolab both have their place. But there are real costs associated with production values.
Frankly, the biggest job is scheduling the guests which is one reason I tend to do the recordings mostly at events.
I listen to podcasts specifically because the mainstream have been chronically bad at keeping me engaged. I think the same is true for most my podcast-listening friends. The podcasting I love is a quintessentially amateur endeavor - my favorites are ones like Singing Bones or Uncanny Japan that have low production values, irregular release schedules, and hosts whose deep love for and fascination with the subject matter saturate every episode. I'm never going to get that from Buzzfeed or Slate, or even NPR.
As things are currently done, it seems like you have just incrementally more information than radio does, probably smaller body of listeners, and it's run very similar to radio. It's radio with downsides and fairly limited upside. A lot of the content doesn't have an age, there are 2 year old comedy podcasts that are still funny, splice in new ads and it's like syndicated TV instead of radio; plus that potentially lets them monetize their body of work and not just the newest stuff which might lead to better sustainability, their affiliate code doesn't work 16months later and then the marketer doesn't know how they got the lead and the podcasts doesn't get paid.. The pod catchers and players can provide a ton of analytical data too, no reason to not know if your ad was skipped or not. Just seems like a bit more technology is needed and it could really boom. Likewise, if you have this targeted ad stitching stuff working, you could easily have ad-free subscriptions and pay the content creator directly.
I cut our cord and basically stopped listening to radio because of the ads, tons of ads and ads that have little or no value to me. Lately, it kind of pains me to say it, but some of the targeted ads on Facebook and some other places are shockingly well targeted. Like they're hitting me up with things I'm actually interested in. I dislike being marketed to all the time but I hate these ads a lot less and I've actually bought some stuff because of it. It's pretty advanced, whereas podcasts still seem to be mostly doing it the old radio way with different distribution.
Native advertising is when the creative is in the same manner of the content. On a website, the ad would have the same formatting as the other articles on the page. In audio, it's currently being done by having the host read a loose script with keywords/phrases and tie in their personal experience with the product--making it seem like its part of the program.
If I was an advertiser I would want that more than anything.
The ads are generally very well suited/targeted to the audience, and they are strongly legitimized by the podcaster.
When Joe Rogan hustles 'monthly razors' he makes it very personal, talks about his own use, emotionally slams the 'dumb alternatives'. It's 10x better than a pre-recorded spot.
It's much closer to sponsorship than ads, and it's worth it.
The issue is really one of scale ... but given the advertiser doesn't have to do anything but write a few sentences of copy and then pick some podcasts and negotiate a price ... I think the scale issue is not so bad.
I like the podcasts are niche. I heard someone point out the other day that companies investing big in podcasts are putting their money in talent and content and usually have poorer encoding, metadata, and shownotes compared to the smaller podcasts.
My partner fell asleep the night before during and I wanted to point out the ad that hilariously missed its target audience and it was a different ad the second time we streamed it.
"The BuzzFeed "pivot" away from podcasts makes sense when you remember that BuzzFeed lives and dies as a business on detailed analytics. Web content has them. Video has them. Podcasts still don't."
In my opionion this is exactly what BuzzFeed lacks and what a lot of podcasts allow.
But, yeah, why the author decided to relate that statement to race, I can only guess. What did that add, journalistically, to the overall piece, which wasn't really about race?
These two show formats are at best boring, but usually terrible.
The ones that were podcasts first (or radio shows) like Gimlet Media, This American Life and its spinoffs continue to excel and provide the most engaging media experience.
For all the world NPR (Radiolab, Hidden Brain) are like one of those friendly Christian persons who assumes you're one of their co-religionists. "Join our band of Enlightened Citizens" said the exquisitely specific subspecies of American - it's not the worst thing in the world but it is uncomfortably "Aren't we all Brothers in Christ, Brother!". Ironic but they are parochial, their version of world events is a sort of intellectual McMansion. They are bits glued on, there's a few zero pitch roofs in there somewhere and nobody paying attention expects it to last.
I don't have sympathy for the other team either but only one has enough gravitas to deliver those sermons. I don't hate either belief system but I do wish they'd take something out of Joe Rogan's book. Nobody watching or listening to him is under the impression Joe is delivering 100% serious gospel truths to us. Dan Carlin will often tell me of his beliefs, but I'm never made to feel it's anything other than his strongly held opinion which could be mistaken. The 'pro' media - even their conversations are really monologues.
I'm not as allergic to Planet Money and I suspect that show is more popular than the others because it stays on point and is shorter - so the evangelism becomes more like Thought for the Day if it slips in.
Is it more likely that there is an ad supported content platform bubble? People who support their podcast with Patreon seem to be doing quite well.
Is the slight against white men really needed? Why drag this into the topic?
It may have to do with patience and free time. :) A lot of the time podcasts take a lot of time to get to some point, and it's often times something that I already know from other channels that are easier to consume, like tweets, or whatever.
If I hear one more ZipRecruiter, Squarespace, or Mailchimp ad, I’m going to cry.
I end up skipping the ad sections 95% of the time, and only hear a fraction of the ad time.
By contrast, the Fantasy Footballers podcast has a product line which is intimately tied to the podcast, and they talk about their products in an integrated way with the content.
Which brings us to expectations...the Fantasy Footballers have what appears to be a decent business at the scale of 3 hosts, a writer, a producer and an intern. They do not have a decent Buzzfeed-scale business.
In podcasting, we can expect more native advertising building long term brands, like Tyler Cowen whose book sales and event attendance certainly benefit from his brilliant podcast.
P.s. the author mentioned short attention spans of social media, but I know many people who will binge a season of Netflix in an evening and listen to 13 hours of podcasts in a single week of commuting. There is plenty of attention.
edit: Just to be clear, Gimlet runs a fuckton of Squarespace ads. They're just done differently than "read spiel n+1". The "Reply All" hosts, for example, have a more than a year-long joke running where one of them has a Squarespace site for old people-y gripes.
Once you stop looking at that as ten dollars a pop and look at it as 120 a year, when money is tight, a lot of people are gonna struggle to justify it; especially when most things don't really give a whole lot of value in their Patreons.
https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headline...
If you can't find something interesting to say about the article, then simply invoking the Law is a contentless comment.
I would assume the platform has some measures if it discovers a lot of downloads or requests from very different geolocations too - but that's just me speculating.
Not a ton of interest, unsurprisingly, as most people don't experience enough inconvenience in an ad to shell out.
What is your motivation to listen to them?
There is a tendency for podcasts in general to go on for too long IMO. But there are plenty of good ones out there. I mix up my listening a fair bit but there's no shortage of interesting content on all sorts of topics.
Thats also why I dont think that podcasts will actually vanish. As a medium they fill a corner
And the tendency to prattle can be fairly helpful. It helps illuminate the thought process of the subject in ways you wouldn't get in more formal settings, or in the few sentences of quotations that appear in a press account.
Chapo Trap House, fueled by over 100k $5 dollar donations, is a great example. Not all get to that level, but if you're a 1-3 person podcast making good content for your niche, it only takes a few thousand listeners supporting you with $5 a month to support the whole project. I think those podcasts are going to continue to grow in number for a while as the community grows.
There isnt even a need for large scale curative organizational involvement for these kinds of projects. I see the article mentions Slate, and NPR. While those are fine orgs, there is a real appeal to the auteur style of small scale, community driven media. Hosts go on each others shows, the listeners of the various podcasts interact with one another on twitter, and a weird kind of modular audio content network emerges out of the many moving pieces. Theres a place for large-orgs curating podcasts, doing more extensive journalism requiring resources, or providing larger content libraries for the un-initiated, but the botique podcast is something here to stay.
The best ones are Audio Dramas like Uncle Bertie's Botanarium and The Lost Cat podcast or The Stuff of Myth.
The Mysterious Secrets Of Uncle Bertie's Botanarium: http://rss.art19.com/the-mysterious-secrets-of-uncle-berties...
The Lost Cat: http://thelostcat.libsyn.com/rss
The Stuff of Myth: http://www.radiodramarevival.com/rdr-vault-stuff-myth-roger-...
Nobody has heard of these and they are brilliant.