Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Photo: Spotify
Spotify announced Wednesday that it acquired podcast production company Gimlet Media and short-form podcasting app Anchor. The announcement came in conjunction with its 2018 Q4 earnings release, and acquisition terms were not disclosed though Recode reported a price tag of more than $200 million for Gimlet Media last week.
Why it matters: Spotify made its name as an online music streaming service, but has long supported other audio content — like podcasts — as well. These acquisitions should help bolster its capabilities to produce high-end content in-house, as well as provide better tools to creators to give it an edge over competitors like Apple. Spotify also disclosed it's budgeting $400-500 million on more podcast-related acquisitions in 2019.
Go deeper: Check out Axios' Pro Rata Podcast, featuring Dan Primack