Spotify’s new ‘skip’ button could end the podcast business as we know it
The Swedish streaming giant cast the move as streamlining a feature that already exists, the Spotify app’s 15-second skip button.
Spotify has introduced a "skip" button feature to its streaming interface, which has raised concerns among podcast companies. The button allows users to skip through ads and promotional content in podcasts, potentially affecting ad revenue for podcasters who rely on these ad placements. Tommy Vietor, co-founder of Crooked Media, called the move a "significant threat" to the podcast industry.
Spotify maintains that the changes aim to improve user engagement by keeping listeners interested in the content, citing metrics that show the skip button increases listening time. The platform also reassures that the feature is still in testing and subject to feedback from various stakeholders. This move could shift the podcast industry towards YouTube, where ad-skipping is more prevalent.
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