Spotify Jumps Into Video Podcasts
Spotify (NYSE: SPOT) continued its ambitious expansion into podcasts this week by announcing support for video podcasts. The move is entirely expected in the broader context of the Swedish company's massive push into podcasts, which has included numerous acquisitions over the past year and a half and a slew of exclusive content deals, most recently a new series hosted by former First Lady Michelle Obama.
The move will put competitive pressure on Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google, as YouTube has emerged as a burgeoning video podcast platform in recent years.
Image source: Spotify.
Source Fool.com
