Podcasting Shift from Spotify to Amazon Makes Waves
- Communications services companies face a decline due to rotation to inflation-sensitive sectors
- Dax Shepard signs $80 million podcasting deal with Amazon for ‘Armchair Expert’
- Amazon in talks with NFL stars Jason and Travis Kelce for their podcast
The communications services sector has experienced a decline as investors shift their focus towards sectors that are more resilient to inflation. Comedian Dax Shepard’s popular podcast ‘Armchair Expert’ has signed an approximately $80 million deal with Amazon, moving the show from Spotify to its Wondery platform, according to The Wall Street Journal. Additionally, Amazon is reportedly in discussions with NFL stars Jason and Travis Kelce about transferring their podcast from Spotify as well.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Dax Shepard’s podcast deal with Amazon and mentions Amazon’s potential talks with the Kelce brothers for their podcast. It does not contain digressions, irrelevant details, or personal opinions presented as facts. However, it lacks some context on the financial aspects of the deals and could provide more information about the reasons behind the shift from Spotify to Amazon.
Noise Level: 3
Noise Justification: The article provides some relevant information about the shift of a popular podcast from one platform to another, but it lacks in-depth analysis or exploration of long-term trends and consequences. It also does not offer actionable insights or new knowledge for readers.
Public Companies: Amazon (AMZN)
Private Companies: Wondery,Spotify
Key People: Dax Shepard (Comedian), Jason Kelce (National Football League star), Travis Kelce (National Football League star)
Financial Relevance: Yes
Financial Markets Impacted: Communications services companies
Financial Rating Justification: The article discusses the impact of a significant deal between Amazon and Dax Shepard’s podcast, which affects the podcasting industry and potentially impacts the financial performance of communications services companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article. It discusses business and entertainment news related to podcasting deals and companies.
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