VentureBeat reports: “Spotify has confirmed that it paid $56 million to acquire Parcast, the story-based podcasting studio it snapped up last month. The music-streaming giant revealed the figure in its Q1 2019 financials, when it passed 100 million paying users for the first time as its revenue climbed 33%.”
Spotify confirms it paid $56 million for Parcast, taking its total podcast acquisition value to $400 million
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