Spotify appears to be on a podcast acquisition spree. On Tuesday, the Sweden-based popular audio streaming subscription giant has announced its third acquisition since the advent of 2019. The latest acquisition from the company is Parcast, a premier storytelling-driving podcast studio. For now, the exact amount involved in the acquisition remains undisclosed. The transaction is expected to be closed in the Q2 subject to customary conditions.
Parcast was founded in 2016 by Max Cutler in Los Angeles. It currently has a couple of studios and employs nearly 20 people. It has helped create 18 podcast shows such as Female Criminals, Serial Killers, Unsolved Murders, Cults and Conspiracy Theories and Mind’s Eye, its first fiction series.