By Rob Greenlee, Co-Host of NewMediaShow.com and Host of Trust Factor with Rob Greenlee

Podcasting has always been an audio and video medium, plus PDF files, a user request-based distribution and consumption medium. Some more recent medium participants and consumers think that podcasting is an audio-dominated distributed medium via RSS feeds. These folks are incorrectly perceiving podcasting as an audio-only medium.

Podcasting is becoming so much more TODAY.

The podcasting landscape has been shifting for a few years, especially with platforms like YouTube and Spotify bringing back the focus to video AGAIN and blurring the lines between audio and video content. The question is, who started this evolution back to more videos? was it viewer consumers of videos on YouTube or YouTube and Spotify? Well, I think YouTube and Spotify and platforms like StreamYard and Zoom are all contributing to this expansion of perception of what a podcast is TODAY. So, as we navigate the media world of 2023, what constitutes a podcast?

The Traditional Definition of a Podcast:
Historically, a podcast was a series of spoken-word content focusing on various topics. These audio and video recordings were distributed through RSS feeds as MP3 and MP4 media files to be downloaded or progressively downloaded playback, allowing listeners to follow and access new episodes on their devices.

The YouTube Podcasts Paradigm:
In an intriguing move, YouTube has begun to classify video playlists as podcasts, especially when these playlists follow a thematic or episodic structure similar to traditional podcasts. By integrating these “video podcasts” into its new YouTube Music area, the platform acknowledges the convergence of music, spoken word content, and visual elements. This move expands the definition of podcasting by suggesting that when serialized and thematic, visual content is increasingly perceived by YouTube viewers as much as a podcast as an RSS-only distributed audio and video counterpart.

Spotify’s Video Foray:
Not to be left behind, Spotify is dabbling and expanding into video content, which is increasingly being seen as Spotify expanding into video podcasting. Though Spotify initially launched audio podcast content, it now provides creators with tools to publish videos directly alongside their ingestion of audio files from podcast RSS feeds. This move positions Spotify as a competitor to YouTube in the “video podcast” space, reflecting the changing consumer appetite for versatile content that can be watched and or listened to.

Implications for Content Creators:
For creators, these changes mean more comprehensive tools and platforms to disseminate content. They can now cater to audiences who prefer traditional audio podcasts and those who lean toward video content. This flexibility can potentially expand their reach and offer diverse monetization opportunities.

The Essence of Podcasting:
Despite these changes, the essence of podcasting remains consistent: serialized content that delves deep into specific themes, stories, or topics. Whether in audio or video format, a podcast in 2023 is about creating episodic content that resonates with its audience, offering insights, entertainment, or information in digestible chunks.

The podcasting landscape of 2023 is more diverse and dynamic than ever. With platforms like YouTube and Spotify redefining what a podcast can be, it’s an exciting time for creators and consumers. While purists might argue that “podcasts” should be reserved exclusively for audio content, the industry’s evolution suggests a more inclusive future where audio and video coexist under the podcasting umbrella. Regardless of the medium, the content’s quality, relevance, and engagement will determine its success.

Evolving Consumer Habits:
With the ubiquity of high-speed internet and advanced mobile devices, consumers in 2023 have become more platform-agnostic, seeking content that can cater to their dynamic lifestyles. They might listen to an audio podcast during their morning run but switch to the video version of the same episode while having lunch. This fluidity between audio and video has driven platforms to accommodate both formats, reflecting the multifaceted consumption habits of the modern audience.

Niche Content and Personalization:
As the definition of podcasting expands, so does the variety of content. With the inclusion of video, genres like instructional guides, visual tours, and even short episodic dramas have found a home within podcasting platforms. Personalization algorithms, powered by advanced AI, ensure that consumers are exposed to audio and video content tailored to their preferences, further blurring the traditional boundaries.

Interactivity and Immersion:
One significant advantage of live video podcasts in 2023 is the potential for interactivity. Platforms have begun incorporating features allowing viewers to interact directly with the content – polls, Q&A sessions, or clickable links embedded within videos. This interactive layer adds a dimension of immersion, transforming passive listeners into active participants.

Challenges and Critiques:
While many celebrate audio and video mergers within the podcasting realm, it’s not without its critics. Some argue that the term “podcast” is becoming too diluted, losing its original identity. There are also concerns about discoverability; with the surge in content types, it can become more challenging for consumers to find high-quality content that resonates with them. Content creators, on the other hand, may feel pressured to produce both audio and video formats, stretching their resources thin.

The Future of Podcasting:
The trajectory suggests that the term “podcast” will continue to evolve. As augmented reality (AR) and virtual reality (VR) become more mainstream, we might see podcasts not just heard or seen but experienced in immersive 3D and 360-degree visual environments. Integrating haptic feedback and spatial audio could redefine what we consider a podcast.

By Rob Greenlee

(12/18/2020) Podcasting globally is growing fast in all aspects and is increasingly diversified around gender, ethnicity, and race. We are seeing innovation and talented people entering the podcasting medium in many areas now that is becoming increasingly less about speaking into a microphone to host a podcast show and increasingly around the business of podcasting.

Podcasting has been increasingly upping the quality game of content development. The listening platforms compete for users by pushing the envelope around discovery metadata for search, production and marketing support, full transcriptions, and monetization. 

Advertising revenue is up less than expected before COVID-19 but is up still and will continue to grow and accelerate into late 2021. Reaching $1 Billion+ in ad revenue will take longer than many have hoped, and filling more podcasts with spots that value podcast ad inventory, whether baked-in host reads or prerecorded dynamically inserted talent reads with higher CPM, is key.

Privacy and changes to Internet protocol IPv6 will continue to impact digital advertising. It will hold back podcast advertising as long as we rely too much on IP targeting and selling IPs of listeners to re-target advertising. 

Global listening, content creation, and monetization from all parts of the world are key to the rapid and sustained growth of the medium.

What have been the big podcasting stories over the last year?

Global growth and expansion started many years ago by Apple iTunes Podcasts and has seen gradual and faster expansion by listening services platforms like Spotify, Deezer, Gaana, Amazon, and iVoox. The expansion to new listening platforms around the world is not done yet.

Content production companies like BBC, CBC, ABC Australia, and many other smaller audio creation companies like SoundCartel in Australia and Kelly & Kelly in Canada have shifted from radio audio to podcast audio production services.  

Who has benefited the most in the podcasting space over the past few years?

Benefits from podcasting vary and depend on podcasters’ goals and achieving those.  I am not sure that I can say who has benefitted the most from the growth and development of podcasting over the past few years, but I can comment on how many have benefited. 

I know that many people help their work careers, grow their brands, grow a businesses, gain direct revenue from donations, earn paid subscriptions, and build advertising revenue with a podcast. 

Many think big corporate podcasting and the largest audience podcasts have benefitted the most. This assumes that podcast monetization, VC investments, mergers, and acquisitions are the most important factors in who has benefitted the most. Still, all these advancements and attention have helped independents and corporate podcasting, which sometimes can be independent podcasters.

The line between corporate and independent podcasting is getting less clear as so many individuals build teams around their productions and big companies. 

What are the chances an independent podcaster can become successful in today’s podcasting world without being part of a network?

I believe this has not changed much since the early days of podcasting.  As long as podcasting remains dominated by independent creators and the industry keeps supporting opportunities for those types of creators, it will be a 16-year-old new medium that continues to offer a level playing field. 

It is also true that larger companies and networks are getting more attention than ever.  That increasing attention, size, and cash resources are driving increasing success for some of these companies. It is also true that the number of employees and money resources do not guarantee success in the podcasting space. 

Successful content can come from anywhere in the podcasting or media space. Larger companies can have some advantages in the market, and market forces are helping to increase the advantage to larger listening publishing platforms. However, content creation is still where the medium is a blank canvas of opportunity as the cost of quality audio production continues to fall.

How successful can an independent podcaster be as part of a network?

A key question in today’s podcasting space is a podcast that is part of a large network of independent podcasts.  I think it is if the content is still wholly owned independently by the creator.  

Some networks have owned and operated podcasts where the talent is hired to produce the podcast. However, independent podcasters affiliated with a large or smaller network own all the rights to their content but still can potentially get support from a network.  

I consider the podcasts that the hosts still own all the rights to be independent podcasters.  I think the definition of an independent podcast has been confusing for many. Some have judged some shows as not part of the indie side of podcasting when they are independent podcasts while being part of a big corporate media or podcasting company. 

I believe Quality Cream rises to the top in podcasting; all a podcast needs to do is spark word-of-mouth sharing in its listener base, and it will grow over time if trust and value exchanges are created in people’s lives. 

Has the measurement issue been solved?

We have solved the measurement issue as much as we can at this moment in time. 

The future of podcast measurement is facing some very large challenges shortly as we struggle to obtain client-side listening data, the very limited path to listener opt-in tracking, internet protocol (IPv4 to IPv6) technology, elimination of the cookie, and growing privacy-related global legal restrictions change and develop. 

As we face all the above challenges, we must always keep in mind that podcasting has been rooted for 16 years in being mostly a non-commercial medium that is free, open, and accessible. 

It is important to continue recognizing the trust-building rooted in the medium’s history in protecting listeners’ privacy. This trust-building has resulted in strong ROI via host reads ads without violating listener privacy.

Has the discovery issue been solved?

The discovery issue has never existed in the way it has been commonly understood. Many complain that podcast discovery is the core reason their podcasts have not grown in the audience they have as fast as they would like. 

The discovery of podcasts can certainly be better. Still, most of that issue falls on the backs of the podcast creator and how well they have developed the topics and program, show marketing and promotion, website SEO, and their efforts to inspire the audience sharing to others.  

What is the best advice you could give someone thinking about podcasting today?

I mostly give the same advice today as I did years ago. The opportunity to succeed in podcasting has not changed.  It just takes planning and goal setting, focus on relevant content, good-sounding audio, an aggressive distribution, and a promotion plan that connects with listeners.

What will happen in the future in the podcasting space?
The podcasting medium will keep steadily growing in all areas in the near and long term. It is up to all of us to evolve podcasting in a way that preserves its roots as a trusted and level playing field for all to contribute and participate.

---

Rob Greenlee is the Former Chairperson of The Podcast Academy “Ambies Awards” and was inducted into the Academy of Podcasters Hall of Fame in 2017. His career started around offline and then online marketing. Then, on the radio in 1999 and podcasting on Sept 15, 2004, with the first nationally syndicated radio show, “WebTalk World Radio Show”. He co-hosts the “New Media Show,” a weekly audio and video podcast streaming LIVE at NewMediaShow.com. Connect with Rob at rob. greenlee(at)gmail(dot)com.

He is available for podcast interviews and other media opportunities here – Calendly.com/robgreenlee/