Tag Archives: podcasting

Is a New Podcasting Industry Association Needed Again?

By Rob Greenlee, VP of Podcaster Relations, Voxnest.com

You might be asking a simple question of Why? Yes again, we have been here before and it was called the Association of Downloadable Media (ADM).  It was a grassroots started organization formed by some of the larger players in the podcasting space back in 2008.

Now ten years later and much maturity in the market has occurred, but most new people to podcasting will not have known this history.  It is also true that it does not matter now much what happened in the past, but what we do now going forward.  I agree with that thought, but some lessons can be learned from that experience to make an organization work this time.

The ADM was mostly a failure by most measures with group in fighting and backroom closed door communications in efforts to control the efforts of the group, but some good came out of it and we did set some very basic measurement standards that has carried the overall podcasting industry till the more recent efforts by the IAB Podcast Metrics Working Group to establish v.1 and more recently IAB v.2 Podcast Metrics Standards.

The thought is to create and industry group that can collaborate to create more standards in the industry around advertising formats, best practices around dynamic ad insertion and programmatic ad buying.   The large brands and agencies need some whitepapers with examples of successful advertising campaigns.

As we see host/talent read ad spots converge more with programmatic buying platforms we will see revenue grow in the podcasting medium.

Clearly we also need to keep working on audio playing client side metrics to realize the complete picture of listening from downloaded podcast audio files.

This new unnamed podcast industry association would enable everyone to come together around growing the listening side of the podcasting industry with the potential of co-op online and offline marketing and promotion.

I have a proposed name for the new association and that might be “Professional Podcast Association” (PPA) or “Global Podcast Association” (GPA).  Please reach out and let me know if you have any other ideas about this proposal – rob at robgreenlee dotcom.

Why Podcasters and Listeners Should Care About Dynamic Ad Insertion?

Simply put “Dynamically Inserted Advertising” puts audio ads in podcast episode downloads and it stays there for a certain amount of time and then it stops being inserted when it’s reached a certain number of purchased impressions via downloads and plays.

“But one must be hyper-cautious of annoying audiences with bad ads and too many ads with this technology. The tech is not so much the issue, but how it is used.”

Ideally, all ads in podcasts should be read by the podcast host, an approach that can work with dynamic ad insertion.

One needs to be careful to make sure the listener experience isn’t degraded at all from this ad delivery method. One must be mindful of where the ad break is placed inside or at the beginning of the content. One also needs to be mindful that using music fades around dynamic ads must be thought through.

Some may run dynamic ad insertion with more traditional radio ad type spots with the big brand advertisers and those may not be as well received by listeners. But, if talent read ads are done correctly they would not disrupt the long-standing host read experience listeners to podcasts have become accustomed to. No listener would know we’re using ad insertion to deliver a host read or regular old 15 or 30 sec radio spot because it sounds the same as our other ads they are used to hearing.

“Given all the warnings, dynamic ad insertion is rapidly becoming the de facto way of doing business in the Podcasting space, but some media buyers are resisting the shift from baked in live host read ads.”

Reality is that there will be a flood of inventory in the space and the CPM rates will likely plummet unless we see more ad targeting in podcasting as a buffer to keep CPM’s up.

Dynamic Ad Insertion and Programmatic type ad marketplaces and buying bring risk of commodification of ad impressions in downloads.

Forward-looking podcasters will figure out what their premium content offering products will be to offset these drops in CPM or ad revenue. Podcasters need to diversify by combining audio with video and click-through ads is part of the solution, but some will be able to sell subscriptions, live performance tickets and other products that add value to their listeners.

This growing form of advertising in podcasts will impact listeners and content creators in a positive or negative way depending on how it is implemented.

Keep an ear out for it and time will tell if it turns out positive or negative.

Listen to “SLS105: Podcast Discovery and Ad Insertion” on Spreaker.

Nine Evolutions of Podcasting In 2017

By Rob Greenlee

Predicting the coming year of podcasting is a little more challenging than usual because, in my mind, the 13-year-old medium has been maturing very fast. Unfortunately, growth and innovation will be slow in coming this next year.  It is true that podcasting’s best days are ahead and we do have many developing trends that will enable the medium to grow its creators and listeners.

For a little perspective, the podcasting medium was a revolution when it began between 2004 through 2007.  Since then, podcasting has been chugging along at a slow, unrevolutionary but steady growth trajectory for many years.  It is true that podcasting awareness and listening grew a little faster over the past 2 years with the heightened media coverage of the reality and fictional storytelling podcasts.

The continuing evolution of podcasting in 2017 will be good for the industry, but those breakthroughs in media coverage and technology innovation will be lacking this next year.  I would really like to be all glowing in my predictions for podcasting in 2017, but I believe we need to be realistic and understand that the significant market improvements around this medium have mostly happened already.  What we will see is incremental improvements in these core areas next year.

I am hoping to be surprised by the emergence of a new content genre or audio experience that will drive the next big wave of awareness for podcasting.  It is very likely that this content genre could be big budget storytelling podcasts coming out of Hollywood and large corporate investments in brand marketing motivated original content productions.

I also think that independent podcasters will continue to be the dominant force in podcasting with most listeners enjoying those smaller shows across many genres.  Many are predicting the decline of the independent smaller podcasters, but that is wishful thinking by those from larger shows wanting less competition in the podcasting market.

Below are my thoughts around the important podcasting evolutions in 2017.

Listen to “SLS94: Nine Evolutions of Podcasting In 2017” on Spreaker.

9. Hosting distribution platforms will develop better tools to help monetizing smaller and larger shows easier.

The need to assist monetization of shows with smaller download numbers will be given more attention in 2017. New easy to use tools will be available to all levels of podcasts and on demand audio shows.  These tools will offer many levels of monetization opportunities from advertising with host and talent reads.  The combination of programmatic ad buying tools with powerful campaign CMS tools will appear to enable trafficking advertiser messages across hundreds of shows in one campaign.  This should bring revenue to smaller shows that are producing great content and building loyal listener followings.

I do not think most premium paid podcast shows will produce very much revenue this coming year, as has been the case for every other year. A few very large shows will find some sales revenue from this, but very few shows that convert to premium audio will generate significant revenue like has been done for many years around audio books and music.  That will continue into 2017 because the tools for doing this really need some technological innovation and should be based on open RSS with password protected episodes and open feeds.

8. Interactive Advertising Bureau’s (IAB) continued march towards podcasting download metric standards.

The IAB Podcasting working group that represents most of the largest players in podcasting today will continue to take a leadership role around creating foundational advertising best practices and measurement standards.  This group has put out a guidelines document in 2016, but in 2017 we should see more technical standards recommendations.

https://www.iab.com/guidelines/podcast-ad-metrics-guidelines/

7. In-car dash consumption of podcasts will continue to replace radio listening in the car.

Some will tell you that In-Car entertainment systems are not important to the growth and development of on demand audio and podcasting because these systems are generally disliked by consumers and are just glorified Bluetooth audio player devices. At this stage, these in-dash systems are integrating complete and software updatable solutions and are being deployed in all new cars.  This wave of change is in full deployment that will take many years to be fully realized. The impact and significance of it will grow in importance and be felt more the new year as more of these cars will be sold every day.  Internet data connections in these cars will continue to get cheaper and software upgrades will continue to improve these experiences. This evolution will truly start to replace radio for many drivers with terrific on-demand audio podcasting content.

6. Personal voice agents (Alexa/Echo, Google Home, Siri and Cortana) devices will enable more in-home listening growth.

Smart voice agents will have a larger impact on podcasting in 2017 as these devices and services get integrated into all sorts of devices, including car in-dash, kitchen appliances, and living room and bathroom devices with internet connections. The biggest impact will come from the Amazon Echo with Alexa skills that enable server side voice services to include search and play of audio podcasts by voice request.

5. Dynamic ad insertion partnered with Programmatic Advertising Buying and Trafficking tools technology will improve.

Dynamic ad insertion technology enables audio advertising and other segmented audio to be dynamically inserted by servers into mp3 audio files in pre-roll, mid-roll and post-roll in a specified location in the mp3 audio file, much like a book being slid onto a bookshelf of books.  In the coming new year, we will see more use of this technology to enable all levels of shows to better monetize.  This tool will be combined with online programmatic ad buying and campaign trafficking tools to more easily distribute commercial advertising messages.

4. Some host read advertising will morph into more host-like “Talent Reads”.

Podcast advertising was built on what is called “Host Endorsed Advertising Reads” and, in the new year, it will continue to grow in importance to the increasing advertising revenue in podcasting today.  The issue is related to talent and time needed to record these host-endorsed reads. Thus, we will see a shift towards having talented voice-over artists record more host reads. We will see two tiers of host reads: ones done by the actual show host and those done by talented ad readers that produce the advertising message in the same method as the show host would record them.

3. Short-segment social media sharing and playback growth.

Podcasts today grow audiences by word of mouth. We will see more platforms support the social media sharing of short segments from audio programs on social media platforms such as Facebook and Twitter.

2. Live audio recording to podcasting grow.

One of the leading trends online has been and will continue to be enabling Live video and audio.  An example of this is the recent decision on the part of Facebook to enable Live audio streaming on its closed platform.  Some podcasting distribution platforms combine live audio streaming and recording to then be encoded into mp3 files.  Content creators and listeners like the interactivity of Live. Therefore, this will continue to grow in 2017.

1. Android takes a larger share of the podcasting listening market.

Mobile devices, including Smartphones running Android OS, will continue to progressively and more rapidly expand podcast listener audiences in 2017.

Finding Podcastings’ Listening Simplicity

By Rob Greenlee
Every time I step into a car with an AM/FM radio, I am reminded about the concept of simplicity and ease of use as key reasons why radio grew to have such a large listening audience.

When I contrast the current in-car radio experience with present podcast usability, the AM/FM radio experience is still winning the simplicity test and audiences today.

We have seen usability and simplicity gains of on demand audio and podcasting technology over the past 10 years. This adoption has started to erode the listener base of in-car radio and is causing a gradual increase in on demand audio podcasts usage. The iPod synchronization model using a cable of the past has been replaced by always internet connected smartphones and mobile computing devices that has driven the improvements in simplicity and access to on demand podcast audio content to more and more people.

The power of radio is linked to creating a more lean back type of experience around getting the content, but the content we are getting via radio just may not always be what we really want at that moment. Over the past 30 years, we have expected audio content to be managed for us by human curation.

Human curation of audio and original content creation has always been strength of broadcast radio stations, but over time we have seen the gradual erosion of the content quality and originality at radio stations as the cost of curation and creation has gone up. This drove increased need to monetize radio stations businesses and thus causing radio listeners to dislike the amount of commercial advertising spots.

Smartphones and smart agent technologies like Siri, Cortana and Alexa/Echo are pushing into a new era of machine learning, voice interaction and artificial intelligence that will understand our interests and favorites to better deliver podcasts we want when we want them anywhere. This machine learning and artificial intelligence will drive understanding that is contextual to location and interests in the car center around things like music, local news, traffic, weather and local sports events. These mobile technologies will also know and correlated with other data from searches and other media consumption patterns.

This direction seems complex and potentially confusing to podcast listeners, but I think it will bring ease of use and more simplicity to listener consumption of podcast content as we look into the future.

The best example of this is the Amazon Alexa/Echo interactive voice platform and its move to becoming an internet of things platform with podcasts being available upon voice request and management from many types of devices in our homes, work and cars.