When it comes to podcasting, the Caribbean business community has made its voice heard.
The region plays host to a wide variety of informative and dynamic podcasts. But like so many areas in the digital media landscape, the podcast industry is a story of rapid evolution, with the capacity for sudden change. In 2020 we are now seeing the emergence of the ‘next big shift’ in the landscape. So what does this mean for the future of podcasts within the region?
REWIND
As a media form, podcasts, at their core, are a modern phenomenon. The rapid growth of digital technology within our daily lives certainly created the conditions for which an episodic format of audio files, providing news and entertainment, could succeed. But really, it was not until Apple’s release of iTunes 4.9 in 2005 that the concept began to shift from technically possible to profoundly popular. The subsequent launch of the iPhone in 2007 provided an avenue for this growth to be supercharged, the years ahead seeing Apple and its competitors make access to podcasts via smartphone and tablet devices easy and intuitive.
While ease of access to the market has been a central feature of podcasting culture for more than a decade, it would be a mistake to imagine that podcasting is the province of garage studios and basements; corporate media is now making big moves into the field. This momentum is underwritten by the rapidly flourishing popularity of podcasts generally. Stats show there will be 1.85 billion podcast listeners in 2023, skyrocketing in growth from the estimated 287 million doing the same in 2016.
With blockbuster podcasts like ‘Serial’ and ‘Up and Vanished’ having achieved huge success – and Spotify having previously acquired start-ups Gimlet Media and Anchor, signalling in 2019 it would spend up to US$ 500mn in that year alone on new acquisitions – there is an increasing corporatisation of the podcast industry as commercial giants seek greater exposure to the growth. By default, this is not necessarily a bad thing; indeed, many fantastic podcasts would not have been made but for commercial backing.
Precise podcast data can be difficult to acquire, given the nature of engagement of the user, but a look at Podtrac’s top 15 US audience podcast publishers as of January 2020 affirms that the corporate sector is already well-represented. Familiar names, like the New York Times, ESPN, and NBC, feature in the top ten, among others like NPR and iHeartRadio, and their global audience is clear, given the millions of downloads they achieve. ESPN alone has 63 active shows and recorded 50,716,000 global downloads and streams in the month.
Tuning in to the Caribbean
No Caribbean podcast is currently rivalling podcasting’s giants, such as comedian Joe Rogan who is held to have been achieving around 200 million downloads (including YouTube views) per month as of June 2019. However, the following podcasts showcase the business acumen and talented voices in this region.
Supporting the Culture
The Caribbean has an incredible array of podcasters. If you’re keen to see such fine form among Caribbean podcasters continue, put on a pair of headphones and start listening.
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