Streaming platform Acast enters BBC international podcasting deal
As podcasting continues to thrive, it should come as no surprise that power players in the industry are continuing to make moves in an attempt to land grab the attention that podcasting has received in early 2018. Recently, BBC announced a deal with streaming service provider Acast to distribute and monetize UK broadcasters podcasts in international markets.
The BBC today announces that audio and voice technology company Acast, has been named as its official commercial partner to lead on the monetisation of BBC podcasts and audio outside of the UK. The exclusive deal marks the first time the BBC has offered advertising around its podcast library.
The BBC began producing podcasts in 2004 and is one of the largest podcast producers in the world, with strands across news, drama and entertainment.
The deal covers all BBC podcasts available outside of the UK, subject to rights restrictions, from the Global News, The Assassination, and World Business Report to Radio 4’s In Our Time and 5 Live’s Football Daily.
Bob Shennan, Director of BBC Radio and Music said: “Podcasts are one way we’re reinventing BBC radio to engage younger audiences with our world class content. We’re working with established and new talent to produce shows which are informative and entertaining as only the BBC can be. The BBC has been challenged to generate more commercial income to supplement the licence fee and this new deal will contribute to that.”
Acast has been developing state of the art audio and voice technology tools since it was founded in 2014. Using advanced targeting abilities and market leading analytics, Acast will work with the BBC to monetise international content while safeguarding its commitment to UK listeners.
Acast CEO Ross Adams says: “Acast is dedicated to supporting a new era of on-demand content for the BBC. Our focus as a business is to enable the best content creators to do their best work by removing the technical and commercial friction from the process of making great audio. Our extensive
international sales network coupled with our agile engineering resources open up the possibilities for partners like the BBC.”
This is a joint initiative between BBC World Service (English) and BBC Radio & Education, with most BBC podcasts having a single 30 second advertisement at the start of the podcast and a second at the end. This advertising push outside of the UK is part of an effort to identify responsible funding sources for the BBC and increase its commercial income.
The move comes as no surprise, as podcasting has become the hottest new advertising platform in 2018 and brands are looking to get their message on as many relevant podcast platforms as they can. This move will allow brands to advertise with reputable podcasts and will allow podcasters to better monetize their content.