One of the
earliest entries in this blog considered the pros and cons of different podcast distribution methods but just
touched on the issue of paid versus free distribution. Since April 2016, Spotify
and Pandora, discussed in depth in that entry, have remained distributors, but
haven’t developed their own programming. Similarly, the Google Play service has
remained a distribution utility rather than a producer – a me-too version of
iTunes.
The point
of this entry, however, is to examine streaming audio companies that are both
producers and distributors, and to compare their approaches. There are not as
many of these as you might think. Howl has merged into Stitcher, whose premium
service is now $5 a month or $40 a year. That price point is either a little
lower or a lot lower than SiriusXM satellite radio (depending what deal you can
get out of SiriusXM for a subscription – the service can be receptive if you
express interest but don’t want to pay their inflated “list price.”).
To
illustrate, think of SiriusXM, especially at “list price,” as cable television.
The news, talk and comedy programming offer a lot of variety, but it’s far more
subjects and genres than most listeners want. Individually, however, the
channels or individual shows on those channels would have a harder time
sustaining themselves as standalone streaming offerings. Similarly, cable
channels such as Spike, CNBC, Discovery and others provide value within a
package but would have a harder time commanding a monthly subscription price
streaming independently of a package distribution.
Stitcher
delivers mostly comedy and informational talk programming – but most of it
appeals to fans of extra dry and witty material, not even middle-of-the-road
broad comedy like you might find on SiriusXM’s “LaughUSA” channel. Particularly
from Stitcher’s Howl acquisition, Stitcher Premium offers podcasts that are
deep dives into movies, TV shows and subcultures such as Juggalos and pro wrestling.
Comedy personalities like Lauren Lapkus and Julian McCullough have their own
shows.
So,
thinking of SiriusXM as cable TV, think of Stitcher as an independent streaming
service that you might subscribe to separately, like Filmstruck for classic, arthouse
and independent cinema or the now-defunct Seeso venture from NBC for comedy
nerds.
Since I’m
discussing Stitcher as a key example, but not other podcasting companies such
as Gimlet, Panoply and Radiotopia, which are ad-supported and go out over the
aforementioned utilities, that illustrates how tough it is to be both a
distributor and producer of streaming audio content. A strong value proposition
is necessary to be behind a paywall or go behind a paywall for part of the
offering. That means having an audience so motivated that they will pay for
your content or providing information so valuable (as the Wall Street Journal
does covering the financial markets) that the audience will pay for the
service.
The paid
and free models each have their pros and cons. To track where the podcasting
field is going, it will be key to watch if new paid services emerge and if they
last.
Podcast
(and documentary) of the moment:
UCB Long-Form
Conversations, “Palate Cleanser: #ByeChelsea Audio Tour,” November 25, 2017. In
my other blog, I reminisced about the closing of the Upright Citizens
Brigade theater’s longtime home for a move to a more professional,
ADA-compliant location. This special episode of the UCB’s own podcast that
normally features talk about the art of improvisation is an audio tour covering
seemingly every inch of the old theater before it closed. The episode gives one
an appreciation of a uniquely New York place – where great performances
unfolded in a grimy and gritty venue in the same way they did at CBGB’s.
“C Rock”
short film in “True New York” documentary anthology (released in 2016): This
one isn’t a podcast, but I’m including it here because it captures a unique
phenomenon in the way some of the best non-fiction podcasts do. It’s about
cliffs along the Harlem River in the Bronx, where neighborhood boys jump and
dive from great heights, as a summertime rite of passage. I found this on
Kanopy, the library card-based streaming service, which I also highly recommend.