Where did the $4 million go?
The latest from podnews.net
with AdvertiseCast.
I would say that honestly most
of the money probably went to
the minimum guarantees of
other talent instead of to the
people that it was supposed to
go to.
Dustin Knauss, a former Cast
Media employee, speaking on a
20-minute YouTube documentary
on Cast Media, published by the
investigative journalist
Stephen Findison, also known as
"Coffeezilla". He speaks to a
number of creators who alleged
they weren't paid by the
company,
as well as to its CEO Colin
Thompson, about who he makes a
number of allegations.
Right about the time he was
talking about declaring
bankruptcy, he moved that house
into a trust, where the trustee
was a white-oaming LLC he set
up. Which, from where I stood,
looked a lot like hiding assets
from a bankruptcy right before
a bankruptcy.
At press time, the video had
more than 1.5 million views.
Now, podnews first reported
this story in July. This week,
the Cast Media story has seen
further reporting from Hotpot
and Bloomberg. The "Coffeezilla
" video alleges that minimum
guarantees were made to
creators by Cast Media that
became unsustainable. Similar
minimum guarantees
have been made, and then
cancelled, by Audio Boom and
Audices Agreement with APM. A
tenderfoot TV
agreement with Cadence 13 is
the subject of legal action
currently, and we're aware of
at least
one further podcast network who
is not paying creators on time.
In other news, Goal Hanger has
recently agreed a new podcast
with Richard Osmond and Marina
Hyde
to host an all-encompassing
entertainment podcast called
All Things Entertainment.
The announcement was made at a
Spotify event in London. Jack
Davenport from Goal Hanger
Podcast
is speaking at PodNews live in
London on September 27. In the
US, Bloomberg report that ABC
could be
being sold to local broadcaster
Nexstar. CNN's Reliable Sources
reports concern within the
company.
The Economist confirmed that
almost all the newspaper's
podcast will be subscription
only
from mid-October. PodNews has
learned that the service is
being operated using Acast Plus
Access,
which integrates with the
Economist's subscription
platform. In Atlanta in Georgia
,
public broadcaster WABE
announced the creation of WABE
Studios with a 25 podcast slate
.
At least three people are
suggesting that Google Podcast
has automatically subscribed
them to
the impulsive podcast, Lucky
Them, and Edison Research will
release the Latino Podcast
Listener
Report 2023 on October 5. Thank
you to Alan Haberchak for
becoming our latest personal
supporter. Supporters like Alan
help us retain independence so
we're less reliant on
advertisers.
Alan wants stickers for his
laptop, so we'll dig some out.
And in podcast news, Beyond the
Fog radio has teamed up with
San Francisco Magazine to shine
a
spotlight on the city's
creative forces. The show
shares the powerful stories of
the city's many
notable and unique residents.
In the PodNews Weekly Review
this week, I discuss Podcast
One's debut
on NASDAQ with Sam Sethi. We
also talk about the good news
coming out of the industry
currently,
and we hear from International
Women's Podcast Awards
organizer Naomi Mellor.
Burger Murders is a true crime
series for 2023. From soggy
buns, barely melted cheese, and
frozen beef,
the podcast delves into the
most serious UK burger crimes,
featuring real life accounts
about what happens when fast
food goes scarily wrong. It's
hosted by Joel Morris and Sarah
Barron,
and is sponsored by Who Else?
Wendy's, which returned to the
UK in 2021.
Annually freed from Spotify
exclusivity, Science vs Return
for Season 15 this week, last
season
reached record highs on the
platform, with consumption
hours growing more than 60%
since the
previous season, and the
audience size more than
doubling as it became available
wherever you get
your podcasts. This podcast is
sponsored by AdvertiseCast. Ad
vertiseCast connects thousands
of
podcasts with thousands of
advertisers, and has been
matching Podcast with brands
since 2016.
Find your fit. Join AdvertiseC
ast, the premier podcasting
network at advertisecast.com.
And that's the latest from our
newsletter. To read all the
stories and subscribe, we're at
podnews.net.
(upbeat music)