Is TheRinger.com now owned by Spotify?
Yes. Spotify has announced that they have acquired TheRinger.com and all of its media – mainly podcasts.
Spotify has been focusing on increase their market share across podcasting and it seems like the strategy has been paying off! Increases in podcasts and podcast watch time means they Spotify is able to offset some of the music played across it’s platform, while also being able to make much higher margins and increasing it’s gross profit margin.
Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.
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