2 chapters across the catalog
Spotify-owned podcast studios Gimlet Media and Parcast have unionized under the WGA East, a move criticized for applying traditional Hollywood production models to the podcast industry. The "Value for Value" model is presented as a more sustainable alternative to the high-overhead executive producer structures that are currently failing as venture capital funding dries up.
Spotify Acquisition of Podcast Companies Gimlet and Parcast
Spotify announced plans to spend up to $500 million on podcast acquisitions, including the purchase of Parcast and Gimlet Media. Following the Gimlet deal, employees moved to unionize to ensure they receive a share of the acquisition profits. The hosts reflect on being early pioneers in the podcasting space without seeing similar massive exits.
