Why is it a day dream? Spotify's huge advantage is having device-level data, which Apple has but doesn't leverage. Having an app gets you infinitely more valuable data, and buying an existing app makes more sense than making one. Music apps can't easily turn into podcast apps.
It’s honestly really hard to build the same app for music and podcasts. I was on the team that worked on improving the player for podcasts when I was at TuneIn, and it was more complex than I expected.
I don’t know anything about their business, but I do know a lot about mine. I do well for a one-person business, but a few executives, a multi-person staff, and the overhead of an office would be difficult for me to support. I work alone for multiple reasons; cost is a big one.
If I recall correctly, their synced web app is a premium feature. This is the main reason I'm using Pocket Casts and I still don't know any other good podcatcher that does that. Maybe Google? But I'd like to avoid them.
For someone so well versed in the podcast space this is a pretty poor take. Did you really just take NPRs reported loss and times by 3 without wondering what that was spent on? An organisation as small as Pocket Casts doesn’t have those kind of costs
Yes, I took NPR's reported share of the costs, and multiplied it based on their shareholding percentage. If that's a "pretty poor take", it's only because I'm applying the normal JV structure to this. Happy to take correction before it's seen by more folks tonight.
I'd wonder what $800,000 is spent on, to be honest. But as I hope is clear, I wish your company well - it's my podcast app of choice. I'd hope that the points made are helpful and constructive, and that your next chapter is just as rewarding.
I don’t think your article is helpful if I’m honest. It’s a reposting of a current.org article without any extra journalism or research. I can’t be more helpful except to say you’re way off base. If you choose to publish it anyway knowing that, well that’s on you.
Thanks. I'm unclear what's "way off base". Losses of at least $800,000 appears accurate. The Current story doesn't mention the shrinking market share, the lack of any innovation, nor the lack of product differentiation; so to call it merely a repost is wide of the mark.
Of course they may have lost money on paper given that the app went free and how there’s been significant investment in growing the team. That’s not unexpected for a growing team.
They’re still by far the best podcast app from a listener perspective though.
If that were an accurate number it wouldn't be out of the question once you consider the impact of developer salaries and sending the app free. They're a much bigger, and more international, team than when they were acquired.
What would be disappointing though is if they did end up selling to Google, or Apple. I understand the team initially turned back approaches from big tech, probably leaving a lot of $$ on the table, because the values didn't align.
To comment on the Podcastindex part:
I did contact @pocketcasts some time ago and pointed them to the new Podcastindex. They did not seem to be aware of it. However, they had no intention of implementing anything. Too bad.