After spending more than $1 billion on podcast assets, challenging investor skepticism, laying off dozens of podcasting employees, and parting ways with its main podcasting chief, Spotify is establishing its focus for the vertical moving forward: more video, more consolidation, and more splashy names.
At the company’s Stream On event in Los Angeles, head of global podcast studios Julie McNamara unveiled new video podcasts that’ll appeal to younger listeners. Video episodes of Distractable…