In the end, was Spotify’s acquisition of Gimlet and Parcast all a waste?
That’s how unionized staffers at Gimlet and Parcast described Spotify’s decision on Monday to begin shuttering the two podcast studios that the audio giant had purchased in 2019 for 221 million euros. “When Spotify purchased Gimlet and Parcast for nearly $300 million, they acquired an incredible group of talented people with specific and marketable skills. Then, they wasted that opportunity: canceling shows with dedicated audiences, leaving half-finished projects to die on the vine, and giving teams little direction as to what they actually wanted to see produced,” the Gimlet and Parcast unions said. “Gimlet and Parcast were studios with vision that helped shape our industry. Whether Spotify Studios has a vision remains to be seen.”
Four years after their acquisitions, Gimlet and Parcast will sunset this summer as they combine to make Spotify Studios, an in-house studio division led by Julie McNamara.
That’s how unionized staffers at Gimlet and Parcast described Spotify’s decision on Monday to begin shuttering the two podcast studios that the audio giant had purchased in 2019 for 221 million euros. “When Spotify purchased Gimlet and Parcast for nearly $300 million, they acquired an incredible group of talented people with specific and marketable skills. Then, they wasted that opportunity: canceling shows with dedicated audiences, leaving half-finished projects to die on the vine, and giving teams little direction as to what they actually wanted to see produced,” the Gimlet and Parcast unions said. “Gimlet and Parcast were studios with vision that helped shape our industry. Whether Spotify Studios has a vision remains to be seen.”
Four years after their acquisitions, Gimlet and Parcast will sunset this summer as they combine to make Spotify Studios, an in-house studio division led by Julie McNamara.
- 6/6/2023
- by J. Clara Chan
- The Hollywood Reporter - Movie News
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