Spotify has expanded further into the podcasting business with the acquisition of Parcast, which is best known for its true-crime productions. The move follows Spotify's purchases of podcast networks iTunes and Anchor for $340m, and the streaming giant's commitment to invest up to another $500m into its podcasting unit. Parcast productions are available on platforms including Gimlet, Pandora and Stitcher, and there are said to be no plans to make content exclusive to Spotify.
Spotify has expanded further into the podcasting business with the acquisition of Parcast, which is best known for its true-crime productions. The move follows Spotify's purchases of podcast networks Gimlet and Anchor for $340m, and the streaming giant's commitment to invest up to another $500m into its podcasting unit. Parcast productions are available on platforms including iTunes, Pandora and Stitcher, and there are said to be no plans to make content exclusive to Spotify.