Streaming service reports first quarterly profits as it reveals plans to broaden beyond music Spotify has bought two podcast firms and plans to spend up to $500m (£385m) on further acquisitions in attempt to move beyond its music streaming roots for new growth. The Swedish company has acquired Gimlet, the firm behind produced a string of popular podcasts including Homecoming, which was adapted into an Amazon TV series starring Julia Roberts.
Streaming service reports first quarterly profits as it reveals plans to broaden beyond music Spotify has bought two podcast firms and plans to spend up to $500m (£385m) on further acquisitions in attempt to move beyond its music streaming roots for new growth. The Swedish company has acquired Gimlet, the firm behind produced a string of popular podcasts including Homecoming, which was adapted into an Amazon TV series starring Julia Roberts.
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