Will people pay for podcasts?
There’s no shortage of podcasts about sports, but The Football Ramble sees an opening to get people to pay for its podcast.
The Football Ramble started in 2007 from presenter Luke Moore’s kitchen. Nearly 10 years later, it has attracted monthly download figures of a respectable 1.7 million. Each week, people tune in to hear the irreverent football commentary of co-hosts Jim Campbell, Pete Donaldson and Marcus Speller.
The Football Ramble is one of five U.K. podcasts that has started charging for content in the last week. Podcasts remain a mostly ad-supported medium, but Swedish podcast platform Acast is now letting creators on its platform sell ad-free content directly to listeners with Acast+.
“It’s a dichotomy we have been longing for,” said Jonathan Teague, executive producer at independent podcast The Football Ramble. “We’ve always wanted two models: free but ad-funded as well as subscription-based and ad-free.”
Listeners of the The Football Ramble can pay £1.99 ($2.90) to get the weekly show ad-free, plus a monthly bonus show. Or, people can continue to listen to it for free with ads.
For the last 18 months, The Football Ramble has been selling the monthly show as a one-off through iTunes, but Teague said that revenue it was making from this was negligible. It’s too soon to publish figures of how many people have paid for The Football Ramble’s content for the last week, but he said that responses from fans have been positive.
“If we can get 5 percent of listeners to pay for it, then it would far exceed anything we have achieved before,” said Teague. “You’re selling content to people who want to buy it.”
Since working with Acast to sell ads, The Football Ramble has attracted more blue-chip advertisers, including brands like Domino’s, Sky, Vodafone and Direct Line. It has also increased its ad revenue by 55 percent in the last 12 months; however, Teague was not willing to give exact revenue figures.
Previously, a lack of metrics has held back podcast maturation in the U.K. by only crudely counting downloads (rather than actual listens). This has prevented big-ticket ad spenders from diverting budgets here, leaving the ads to well-funded U.S. tech companies like MailChimp and Squarespace. Acast offers more data on audiences.
“Shows want to make real money and sell directly to people,” said Acast co-founder Måns Ulvestam. “Podcast behavior is more active and more engaged. You listen when you have the time and you’re more likely to pay for extra content.”
It’s similar to the model to U.S. podcast network Gimlet adopted in June 2015, offering listeners who paid for membership access to pilots of new shows.
Bloomberg Media is testing paid tiers for virtual events
Bloomberg is testing a virtual events model where attendees could pay different amounts to attend with a slew of tracks.
Member ExclusiveCase Study: How The Week successfully created a children’s media property amid the pandemic
The Week created and grew a children's publication in the unprecedented pandemic year to keep young audiences engaged.
‘They won’t enable our identifier’: Identity tech providers try to make sense of Google’s plan not to support alternate identifiers
Some identifiers just won’t work in some Google inventory, but identity tech providers are keeping a stiff upper lip.
SponsoredHow publishers are maximizing retention after the COVID-19 subscription surge
Michael D. Silberman, senior vice president of strategy, Piano For many publishers, 2020 was a good year for subscriptions, and the trend has continued into 2021. For example, over the last month, The New York Times grew active news subscriptions by 48%, and Insider has doubled its subscriber base to just over 100,000 in the […]
‘It moved quicker than we planned’: iProspect’s global president Amanda Morrissey on the restructure with Vizeum
iProspect's global president Amanda Morrissey expects to complete Denstu-owned performance agency's restructure with Vizeum by the end of March.
Member ExclusiveMedia Briefing: Media companies’ diversity reports show compounding leadership gap problem
Media companies’ diversity shortcomings pervade their organizations, but lack of diversity among their executive and management ranks is particularly problematic.