Has focused on sports at a time when fans are Coinbase User List looking for additional ways to connect in lieu of in-person sporting events and gatherings at bars. While sports will remain a focus of Locker Room under Spotify, it seems the company Coinbase User List sees Locker Room as a foundation for moving into live audio around a variety of topics and interests, promising the ability for people to host real-time discussions, debates, “ask me anything” sessions and more. However, the deal is also a small bet on a new format that is far from proven in terms of monetization potential.
Maybe live is a revenue model, maybe it Coinbase User List isn’t,” Gustav Söderström, Spotify’s research and development chief, told the Journal. “It has potential, and it’s our job to explore.” With the acquisition, Spotify joins Clubhouse, Twitter Coinbase User List Spaces, Facebook’s rumored Clubhouse rival and a just-announced LinkedIn offering, among others, in the quickly growing live audio space. Clubhouse is leading the way thanks to a reported $1 billion valuation and interest from tech figures like Elon Musk.
It could also develop into a social Coinbase User List media platform for marketers: Burger King parent company Restaurant Brands International last month hosted an hour-long chat with executives just a day after reporting its full year and fourth quarter 2020 earnings results. Over the last year, Spotify has focused its acquisitions in the growing podcast space. It scooped up high-profile content providers in The Ringer and “The Joe Rogan Experience,” and bought podcast advertising and publishing company Megaphone in a deal that valued the company at $235 million.