With its new Spotify video podcast experience, Spotify is making is podcast ambitions clear: It wants to be YouTube for podcasts, and it’s all about the ads.<\/b>
\nSpotify announced today that it would start offering its podcast listeners something new: The ability to watch their favorite podcasters while they listen to them. According to the company, this allows fans to \u201cget to know their favorite podcast hosts even better, and creators can more deeply connect with their audiences.\u201d While hardly the first streaming music service to offer video (Apple Music and Tidal both have extensive video collections), you can bet that Spotify\u2019s video strategy is less about creating a multimedia experience, and more about creating a monetized experience. See, Spotify has already made it crystal clear that podcasts are a huge, untapped resource when it comes to advertising. \u201cThere\u2019s been no unified business here, everyone is out selling their podcasts individually,\u201d Dawn Ostroff, Spotify\u2019s chief content officer, told a reporter recently, \u201cwe don\u2019t even have a unified metric system.\u201d Spotify is already in the midst of bringing an audio-centric ad platform to market, designed expressly to overcome that lack of sales unification in podcasts. But why stop there? If audio ads are a good thing \u2014 and judging from both Spotify\u2019s and Pandora\u2019s attempts to build interactive voice ads, we assume they\u2019re a very good thing \u2014 then surely video ads are even better. Combined with in-app offers, which Ostroff said would be the next step, brands will have ample opportunity to get the exposure they so desperately crave. This leads us to the Spotify video podcast experience. You can\u2019t have video ads without, well, video, and selling video ads within podcast content has got to be a much easier lift business-wise than trying to monetize music videos. Curiously, the initial batch of podcasts that Spotify is targeting for video are all already available on YouTube. These include The Morning Toast, The Misfits Podcast, Fantasy Footballers, Higher Learning with Van Lathan and Rachel Lindsay, and others. Does this mean that these successful podcasters will soon see revenue stream from both YouTube and Spotify? For the immediate future, yes. But looking farther ahead, we can already see what\u2019s coming down the pike. Earlier this year, Spotify announced its blockbuster acquisition of the Joe Rogan Experience, one of the top podcasts in terms of audience. Rogan\u2019s podcast \u2014 which will effectively cease being a true podcast when it becomes a Spotify exclusive later this year \u2014 is also available in video form, and those videos will become \u201cin-app vodcasts,\u201d according to the company. Though Spotify didn\u2019t specify the terms of its deal with Rogan, it would be surprising if Rogan\u2019s videos remained on YouTube after this year. If all goes well, Rogan won\u2019t be the last podcaster to be offered a new deal, which will likely sweeten the pot considerably over the income these hosts currently generate from YouTube and their own sponsorships. It\u2019s bizarre to watch Spotify creep ever closer to YouTube\u2019s bread and butter, but in a tech-driven world that thrives on so-called disruption, it\u2019s hardly a surprise.<\/p>\n